In a fixed exchange rate system, which of the following is NOT a valid reason for a country to experience a balance of payments deficit?

Exchange-Rate Systems And Currency Crises MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

Exchange-Rate Systems And Currency Crises

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Subject
Exchange-Rate Systems And Currency Criseseconomics-mcqs › exchange-rate-systems-and-currency-crises
Published
1 Jun 2019
Last updated
28 May 2026

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Explanation

A balance of payments deficit under a pegged exchange rate can be caused by high domestic inflation, foreign consumers rejecting local products, or superior foreign technology. However, if the domestic currency is undervalued, it typically encourages exports and reduces deficits, so this option does not explain a deficit.

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