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September 25, 2006
Trade and Exchange Rates
"One of the fundamental tenets of free trade is that currencies should float -- or at the very least, move along with market forces." True or False? Explain.
Greg Mankiw discusses.
Posted by Dingel at September 25, 2006 11:22 AM
Comments
False, Hong Kong has fixed exchange rates and has minimal trade barriers.
Posted by: joseph at September 25, 2006 08:27 PM