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Based on This Figure, If the Official Fixed Value of Krone

Question 40

Multiple Choice

Based on this figure, if the official fixed value of krone is fixed at $0.15 per krone, then the Norwegian krone is ____ and the international reserves of Norway will ______ krone per period. Based on this figure, if the official fixed value of krone is fixed at $0.15 per krone, then the Norwegian krone is ____ and the international reserves of Norway will ______ krone per period. A) undervalued; increase by 2,000 B) overvalued; decrease by 5,500 C) undervalued; increase by 5,500 D) overvalued; decrease by 2,000


A) undervalued; increase by 2,000
B) overvalued; decrease by 5,500
C) undervalued; increase by 5,500
D) overvalued; decrease by 2,000

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