Which of These Steps Usually Comes First in a Currency

Which of these steps usually comes first in a currency crisis?

A) The government offers substantially higher interest rates.
B) The government devalues its currency.
C) Investors begin to sell a nation's currency.
D) The government faces some difficulty in maintaining a fixed exchange rate.
E) People lose faith in the government's commitment to keeping a stable exchange rate.

Correct Answer:

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