Multiple Choice
Grenasia is a developed country.The exchange rate of Grenasia's currency is higher than other currencies in the world.In this case,which of the following is the effect of such a high exchange rate?
A) Grenasia's exchange value will decrease.
B) Demand for Grenasia's home currency will decrease.
C) Grenasia will attract foreign funds.
D) Outflow of capital will be more than inflow of capital.
Correct Answer:
Verified
Correct Answer:
Verified
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