Question: what is the correct answer? Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of
what is the correct answer?
Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation of its trading partners, the dollar will likely: Depreciate against foreign currencies Be officially devalued by the government Be officially revalued by the government Appreciate against foreign currenciesStep by Step Solution
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