Under fixed exchange rates if britain becomes more, Ask an Expert

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Lenders tend not to be as flexible about the qualifications required of mortgage customers as they are for other types of borrrowers. Why is this so?

Under fixed exchange rates, if Britain becomes more productive relative to the United States, what foreign exchange intervention is necessary to maintain the fixed exchange rate between dollars and pounds? Which country undertakes this intervention?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M941413

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