If a Currency Is Said to Be Undervalued Relative to the Dollar,then

Multiple Choice

If a currency is said to be undervalued relative to the dollar,then the dollar is understood to be worth ________.

A) more of that currency than it would have been under a fixed exchange rate regime
B) less of that currency than it would have been under a fixed exchange rate regime
C) more of that currency than it would have been under a managed exchange rate regime
D) more of that currency than it would have been under a flexible exchange rate regime