To try and stave off a devaluation of its fixed currency, Argentina was required to

Question

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To prevent devaluation of its fixed currency, Argentina needed to increase interest rates. This would make the currency more attractive to investors, causing an increase in demand and maintaining its value. Lowering interest rates, increasing money supplies, or reducing tax levels would have the opposite effect and further devalue the currency.

To Try and Stave Off a Devaluation of Its Fixed