Question: a. Is it correct that Current Account will determine the position (undervalued or overvalued) of local currency on US$? Explain it! b. Is it correct

a. Is it correct that Current Account will determine the position (undervalued or overvalued) of

local currency on US$? Explain it!

b. Is it correct that Capital Account/Financial Account will determine the expectation

(depreciation or appretiation) of local currency on US$? Explain it!

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