If the Mexican Government Devalues Its Peso, It Is

Multiple Choice

If the Mexican government devalues its peso, it is

A) allowing the peso on the foreign exchange market to float to a higher equilibrium level
B) allowing the peso on the foreign exchange market to float to a lower equilibrium level
C) intentionally decreasing the value of the peso
D) intentionally increasing the value of the peso
E) increasing the value of the gold content of the peso