Under a System of Fixed Exchange Rates,if the International Reserves

question 31

Multiple Choice

Under a system of fixed exchange rates,if the international reserves of a country's central bank become exhausted,it cannot keep its currency

• A) from appreciating,and a devaluation must take place in which the official exchange rate is set at a lower value
• B) from appreciating,and a devaluation must take place in which the official exchange rate is set at a higher value
• C) from depreciating,and a devaluation must take place in which the official exchange rate is set at a lower value
• D) from depreciating,and a revaluation must take place in which the official exchange rate is set at a higher value

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