-Based on the Diagram Above,if the Official Value of the Norwegian

question 87

Multiple Choice

-Based on the diagram above,if the official value of the Norwegian krone is fixed at $0.14 per krone,then Norway will have a balance-of-payments ___________ of ___________ kroner per period.

• A) surplus;2,000
• B) surplus;3,500
• C) deficit;2,000
• D) deficit;3,500
• E) deficit;5,500

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Definitions:

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