In a System of Flexible Exchange Rates,a Reduction in the Money

question 45

Multiple Choice

In a system of flexible exchange rates,a reduction in the money supply will cause

• A)a rise in the value of the dollar relative to foreign currencies.
• B)a fall in the value of the dollar relative to foreign currencies.
• C)no change in the value of the dollar relative to foreign currencies.
• D)a change in the value of the dollar relative to foreign currencies but the direction of the change is uncertain.

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