An Argument Can Be Made for Controls on the Outflow

question 43

True/False

An argument can be made for controls on the outflow of capital for developing countries because capital outflows forces a country to revalue its currency.

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Definitions:

Implied-in-Fact Conditions

Terms and conditions in a contract that are not expressly stated but can be inferred from the nature of the agreement and the actions of the parties involved.

Literally Occur

An event or action that takes place exactly as described or indicated without metaphor or exaggeration.

Agreement

A mutual understanding or arrangement between two or more parties outlining their respective rights and duties.

Novation

Novation is the legal act of replacing an existing obligation with a new one, substituting a new party or obligation into an original contract.