Multiple Choice
When a country announces a target exchange rate,________.
A) currencies will be traded at the target exchange rate in the foreign exchange market
B) there will be a permanent surplus of dollars in the foreign exchange market
C) there will be a permanent shortage of dollars in the foreign exchange market
D) there will be no effect on the equilibrium exchange rate in the foreign exchange market
Correct Answer:
Verified
Correct Answer:
Verified
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