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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
4 / 906 |
Essay's paper body
It means Lebanon is trapped with a depreciated currency, while all investors' calculations have to be re-calculated.
Already the political arena in Lebanon is unstable, and the free floating system will put Lebanon at the mercy of the market. Corporations are profit-seekers at minimum costs; hence they invest in anything that brings forth profit...
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Corporations are profit-seekers at minimum costs; hence they invest in anything that brings forth profit. With the political assassinations and unstable riots occurring, the investors would lose interest in Lebanon. The currency would slump, and investments would leave Lebanon wrecked economically. With the economical situation unstable, the fixed system leaves the central bank protected from having a wrecked economy to solve and manage...
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General points of the essay
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