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In general, when market expectations indicate a non-credible peg, or when the costs of the peg are not greater than the benefits of pegging, what will be the equilibrium situation?
US Dollars
The official currency of the United States, widely used in international transactions and considered a major reserve currency.
Exchange Rates
The value of one currency for the purpose of conversion to another.
Currency Exchange
The process of converting one currency into another, commonly associated with international trade and travel.
Transactions
The act of conducting business, especially buying or selling goods, services, or assets.
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