Why did investors not believe that Argentina's peg to the U.S. dollar during the 1990s was credible?
A) Over most of this period, Argentine interest rates were higher than U.S. interest rates.
B) Over most of this period, Argentine interest rates were lower than U.S. interest rates.
C) Over most of this period, Argentine interest rates were equal to U.S. interest rates.
D) Over most of this period, Argentine interest rates had no relationship to U.S. interest rates.
Correct Answer:
Verified
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