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Q17. Consider the following statements about Currency Wars: 1. A currency war refers to a situation where a number of nations seek to deliberately depreciate the value of their domestic currencies. 2. Currency wars are also known as competitive devaluations. Which of the above statements are correct?

Answer»

Q17. Consider the following statements about Currency Wars:

1. A currency war refers to a situation where a number of nations seek to deliberately depreciate the value of their domestic currencies.

2. Currency wars are also known as competitive devaluations.

Which of the above statements are correct?




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