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21-10-2022
Business

Answered

a company in turkey holds a loan in u.s. dollars. what does the downward pressure on the value of the turkish lira mean for this company? multiple choice the company should adopt a currency board. it will cost more lira to pay back the dollar-based loans. there will be less competition in the market. the company should consider hedging in soft currency locations. turkey should consider moving to a pegged rate system.

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