Currency crises spread in several ways, including:
A) when one country is forced to devalue its currency, its exports gain an advantage, exposing countries with competing exports to the risk of speculative attacks on their currencies
B) when investors lose heavily in a particular currency they may be forced to sell assets denominated in other currencies just to maintain liquidity
C) once a country has suffered a crisis, investors tend to worry about others in similar situations
D) all of the answers given
Correct Answer:
Verified
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A) a sufficient and a
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A) long-term movements
B)
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A) the
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Q36: Which of the following statements is UNTRUE?
A)
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