If a country's real effective exchange rate index were to be less than 100, this would suggest an ________ currency.

Name: If a country's real effective exchange rate index were to be less than 100, this would suggest an ________ currency.
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Question

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When a country's real effective exchange rate index is less than 100, it indicates an undervalued currency. This means that the country's currency is worth less relative to other currencies, making its exports cheaper and more competitive in the global market.

If a Country's Real Effective Exchange Rate Index Were to Be