B). Because developed countries issue debt denominated in foreign currencies, they are able to reduce the burden of that debt by devaluing their currencies.
B). Because developed countries issue debt denominated in foreign currencies, they are able to reduce the burden of that debt by devaluing their currencies.
Chapter17: Federal Deficits, Surpluses, And The National Debt
Section: Chapter Questions
Problem 10SQP
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(B). Because developed countries issue debt denominated in foreign currencies, they are able to reduce the burden of that debt by devaluing their currencies.
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