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Question
Which of the following is an implication of a currency crisis?
A. It occurs due to a sharp appreciation in the value of a currency.
B. It forces authorities to block large volumes of international currency reserves.
C. A country in currency crisis will not be eligible for loans from the International Monetary Fund.
D. It results in the government sharply increasing interest rates to defend the prevailing exchange rate.
E. A country in currency crisis will face sharp decreases in stock and property prices.
Answer
This answer is hidden. It contains 258 characters.
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