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Applying a shock to the tail of the Aplysia
Adjustable-peg Mechanism
A method used in international monetary systems where a country's exchange rate is periodically adjusted within a band or in response to specific indicators.
Common Currency
A currency that is used by multiple countries, simplifying trade and financial transactions between them, with the Euro being one of the most notable examples.
External Adjustment
The process by which an economy corrects imbalances in its balance of payments, through changes in exchange rates, demand, and supply in foreign exchange markets.
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