When the Mexican Peso Collapsed in 1994, Declining by 37

question 60

Multiple Choice

When the Mexican peso collapsed in 1994, declining by 37 percent,

• A)U.S. firms that exported to Mexico and priced in peso were adversely affected.
• B)U.S. firms that exported to Mexico and priced in dollars were adversely affected.
• C)U.S. firms were unaffected by the peso collapse, since Mexico is such a small market.
• D)both a and b

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Definitions:

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