What are effects-costs of actual exchange control regimes


Question: Which of the following are effects and costs of actual exchange control regimes? Multiple select question. Actual controls often incur greater administrative costs to enforce the controls. Actual controls often incur greater private resource costs in dealing with them. A second foreign exchange market-a parallel market, or black market-develops as a way for private demanders and sellers of foreign exchange to evade the exchange controls.

 

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Accounting Basics: What are effects-costs of actual exchange control regimes
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