2. When the actual foreign exchange rate for the dollar is greater than the equilibrium rate, the dollar is undervalued,
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2. When the actual foreign exchange rate for the dollar is greater than the equilibrium rate, the dollar is undervalued,
2. When the actual foreign exchange rate for the dollar is greater than the equilibrium rate, the dollar is undervalued, meaning that it will buy less in international trade than it will buy at home. TRUE/False :
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