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Explain Why/how a Fall in the Exchange Rate of a Country

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Essay

Explain why/how a fall in the exchange rate of a country can lead to default.


Definitions:

Scarce Resources

Limited materials or assets that are available which cannot meet all the demands for them.

Burden of Proof

The obligation to prove one's assertion or claims in a legal dispute or court of law.

Criminal Guilt

The determination that an individual has committed a crime as proven in a court of law, following a legal process.

Civil Trial

A legal proceeding in which disputes between parties are resolved by a judge or a jury, not involving criminal charges.

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