A Dual Exchange Rate Is No Different from a Devaluation

question 20

True/False

A dual exchange rate is no different from a devaluation in that they both try to improve a country's BOP.

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Definitions:

Disbursement Float

The time lag between when a payment is made by a company and when the funds are actually removed from the company's bank account.

Electronically

Through the use of electronic devices or systems, especially over digital networks.

Positive

An attribute of numbers greater than zero or situations that are beneficial or desirable.