Multiple Choice
If there is an excess supply of the domestic currency at a fixed exchange rate,
A) the currency will undergo a devaluation
B) the currency will appreciate
C) the country must switch to a floating exchange rate
D) the central bank must buy up that excess supply or the exchange rate will fall
E) the central bank must be up that excess supply or the exchange rate will rise
Correct Answer:
Verified
Correct Answer:
Verified
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