The currency in a small Asian nation is depreciating rapidly in value. As a result, residents of the country and foreign businesses with an interest in the country are converting their currency into U.S. dollars. This is an example of

Question

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This scenario is an example of capital flight, where investors and residents move their assets out of a country due to economic instability, often converting them into a more stable currency like the U.S. dollar.

The Currency in a Small Asian Nation Is Depreciating Rapidly