If a Currency's Par Rate (Defined as United States (US)dollars

Multiple Choice

If a currency's par rate (defined as United States (US) dollars per unit of foreign currency) was ________ the equilibrium rate and this persisted, then under the Bretton Woods System, the country would be allowed a currency ________.

A) above; devaluation
B) equal to; devaluation
C) below; devaluation
D) above; overvaluation