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If a nation's interest rates are relatively low compared to those of other countries, then the exchange value of its currency will tend to (C2)

1.     If a nation's interest rates are relatively low compared to those of other countries, then the exchange value of its currency will tend to (C2)

a.      appreciate under a system of fixed exchange rates.

b.     remain constant.

c.      depreciate under a system of floating exchange rates.

d.     appreciate under a system of floating exchange rates.

chooose a/b/c/d


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