MCQOPTIONS
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| 1. |
If a nation’s interest rates are relatively low compared to those of other countries. then the exchange value of its currency will tend to ? |
| A. | not be affected |
| B. | appreciate |
| C. | depreciate |
| D. | fluctuate more than if interest rates were high |
| Answer» D. fluctuate more than if interest rates were high | |