Which of the following statements is NOT accurate?
A) A fundamental disequilibrium can result in a one-way speculative gamble.
B) An ongoing disequilibrium in the foreign exchange market can be sterilized by keeping official reserve holdings steady.
C) Fundamental disequilibrium calls for a persistent series of interventions.
D) The value of the foreign currency declines if a country revalues its own currency.
Correct Answer:
Verified
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