Question: A country decides to allow its foreign exchange rate to float freely. Which item in the country's balance of payments accounts will become zero?
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a.the current account balance
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b.the visible trade balance
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c.changes in official reserve of foreign currency
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d.net investment overseas by domistic residents
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e.none of them
Answer: c
 the current account balance b) the visible trade balance c) changes in official reserve of foreign currency d) net investment overseas by domistic residents e) none of them Ans. c) changes in official reserve of foreign currency
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