The Failure of the Argentinean Currency Board Can Be Attributed

question 54

Multiple Choice

The failure of the Argentinean currency board can be attributed to many factors, including the:

• A)Failure right from the start to lower inflation
• B)Pegging of the Argentine peso to the euro
• C)Pegging of the Argentine peso to the U.S.dollar, even though the countries economies were not that highly integrated
• D)Prices of goods Argentine exported dropped significantly in the late 1990s hurting their economy

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