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Illegal channels in order to change

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Reference no: EM131981678

Beginning in 2012, Venezuela experienced a surge in prices, despite an official government exchange rate that didn't 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)

in-kind transfer.

in-cash transfer.

result of corruption.

underground economy.

repurposed income.

Reference no: EM131981678

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