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The Currency Used in Azerbaijan, a Former Soviet Republic, Is

Question 133

Multiple Choice

The currency used in Azerbaijan, a former Soviet republic, is the manat. In Feburary 2002, 4804 manats equaled one U.S. dollar. A price quoted in manats would be large compared to a price quoted in U.S. dollars. This reflects a perceptual problem associated with:


A) the balance of trade.
B) countertrading.
C) market internationalization.
D) foreign exchanges.
E) dumping.

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