When a Currency Is Described as Overvalued, This Implies

question 49

Multiple Choice

When a currency is described as overvalued, this implies:

• A)It is overvalued relative to the exchange rate set by the nation's central bank
• B)It is selling at an exchange rate less than one
• C)The exchange rate is higher than one year previous
• D)Its current market value is higher than the value that is thought to be consistent with purchasing power parity

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