If a currency's par rate (US dollars per unit of foreign currency)was ________ the equilibrium rate and this persisted,then under the Bretton Woods System,the country would be allowed a currency ________.

Question

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Under the Bretton Woods System, if a currency's par rate was below the equilibrium rate, it indicated that the currency was undervalued. To correct this, the country would be allowed a currency revaluation to align the par rate with the equilibrium rate.

If a Currency's Par Rate (US Dollars Per Unit of Foreign