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Question
Beginning in 2012, Venezuela experienced a surge in prices, despite an official government exchange rate that didnt reflect the economic realities. As a result, many citizens went through illegal channels in order to change the local currency, bolivars, into U.S. dollars. This behavior describes a(n)
a. in-kind transfer.
b. in-cash transfer.
c. result of corruption.
d. underground economy.
e. repurposed income.
Answer
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Related questions
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