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-Refer to Exhibit 35-4

question 102

Multiple Choice

  -Refer to Exhibit 35-4.Under a fixed exchange rate system,at the exchange rate of E<sub>3</sub>,the peso is __________ and there is a __________. A)  overvalued; surplus of dollars B)  undervalued; shortage of pesos C)  overvalued; shortage of dollars D)  undervalued; surplus of pesos
-Refer to Exhibit 35-4.Under a fixed exchange rate system,at the exchange rate of E3,the peso is __________ and there is a __________.


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