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Suppose that, using a system of multiple exchange rates, India wishes to discourage investors from sending their funds abroad relative to employing the funds in production for export. If the exchange rate for exports were set at 33⅓ Indian rupees = $1.00, then which one of the following exchange rates for capital transactions would potentially be appropriate for implementing the strategy?
Attractive
A quality that appeals to the senses or emotions, making something or someone appealing or desirable.
Obesity
A health condition marked by an abnormal amount of body fat which elevates the likelihood of facing health issues.
France
A country in Western Europe known for its rich history, cultural landmarks, and significant contributions to art, science, and philosophy.
Underestimate
To judge something to be smaller or less important than it actually is.
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