If it is said that a currency is overvalued against the dollar, it is meant that:
A) the dollar is worth more of that currency than it would have been under a fixed exchange rate regime.
B) the dollar is worth less of that currency than it would have been under a fixed exchange rate regime.
C) the dollar is worth less of that currency than it would have been under a flexible exchange rate regime.
D) the dollar is worth less of that currency than it would have been under a managed exchange rate regime.
C
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The efficient level of college enrollment in Inland is
A) 0.6 million students per year. B) 0.7 million students per year. C) 0.8 million students per year. D) 0.5 million students per year.
The market demand schedule or curve for a product shows the relationship between how much of the product buyers are willing and able to buy and the:
A. Product's price B. Buyers' incomes C. Cost of producing the product D. Time period, say, from one month to the next