In the currency convertibility process, countries float their currencies with the result that the currency rapidly appreciates against other world currencies

Name: In the currency convertibility process, countries float their currencies with the result that the currency rapidly appreciates against other world currencies
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Question

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Floating a currency does not guarantee that it will appreciate; its value can fluctuate based on market demand and supply, economic indicators, interest rates, and other factors.

In the Currency Convertibility Process, Countries Float Their Currencies with the Result