Question: what is the correct answer? Under a pegged exchange-rate system, which does not explain why a country would have a balance-of-payments deficit? Technological advance is

what is the correct answer?

Under a pegged exchange-rate system, which does not explain why a country would have a balance-of-payments deficit? Technological advance is superior abroad Very high rates of inflation occur domestically () Foreigners discriminate against domestic products () The domestic currency is undervalued relative to other currencies

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