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A balance of payments crises under fixed exchange rates occurs when
Numerator
The top number in a fraction that represents the part of the whole being considered or counted.
Denominator
The bottom number in a fraction that represents the total number of equal parts the whole is divided into.
Degrees of Freedom
The number of independent values or quantities that can vary in an analysis without breaking any constraints, often associated with statistical calculations.
F-distribution
A probability distribution used in statistics to model the ratio of variances among variables, often utilized in the analysis of variance (ANOVA).
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