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foreign; foreign 49 J 1.25 ai) i) is when the domestic currency is backed 100%...

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Finance

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foreign; foreign 49 J 1.25 ai) i) is when the domestic currency is backed 100% by a foreign currency and in which the note-issuing authority establishes a fixed exchange rate to this foreign currency and stands ready to exchange domestic currency for the foreign currency at this rate whenever the public requests it. currency board O devaluation O dollarization O revaluation

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