Which of the Following Is Consistent with Moving from a Surplus

question 58

Multiple Choice

Which of the following is consistent with moving from a surplus to equilibrium in the market for foreign-currency exchange?

• A)the exchange rate appreciates making domestic goods relatively more expensive.
• B)the exchange rate appreciates making domestic goods relatively less expensive.
• C)the exchange rate depreciates making domestic goods relatively more expensive.
• D)the exchange rate depreciates making domestic goods relatively less expensive.

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