Multiple Choice
Suppose that at the fixed exchange rate implied by the gold standard, the quantity demanded of Chahidi's currency exceeded the quantity supplied. This implies that
A) Chahidi has a surplus in its balance of payments.
B) Chahidi has a deficit in its balance of payments.
C) Chahidi has a deficit in its capital account.
D) The exchange rate will fall to restore equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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