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A "Dirty Float" Occurs When a Nation Used Central Bank

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A "dirty float" occurs when a nation used central bank intervention in the foreign exchange market to promote a depreciation of its currency's exchange value,thus gaining a competitive advantage compared to its trading partners.


Definitions:

Construct

A construct is an abstract idea or concept constructed by combining different elements of knowledge, often used in various fields such as psychology and sociology.

Misprint

A mistake in printed material resulting from mechanical failures of some kind.

Breach of Contract

A breach of contract occurs when one party in a binding agreement fails to fulfill their obligations as stipulated in the contract, allowing the other party to seek legal remedy.

Solicitation

The act of seeking to obtain something, often business or trade, by making a direct or indirect request.

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