Under a fixed exchange rate regime, a country that depletes its international reserves in an attempt to keep its currency from ________ will be forced to ________ its currency

A) depreciating; revalue
B) depreciating; devalue
C) appreciating; revalue
D) appreciating; devalue

B

Economics

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Why is it likely that the United States has an absolute advantage in goods and yet it still ends up importing them from other countries?

What will be an ideal response?

Economics

The figure above shows Tanya's consumption possibilities. Which of the following combinations of goods is not affordable?

A) 8 movie tickets and 3 restaurant meals. B) 12 movie tickets and 2 restaurant meals. C) 10 movie tickets and 3 restaurant meals. D) 6 movie tickets and 3 restaurant meals.

Economics