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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All of the following location characteristics can result in higher worker salaries except which one?
A) unpleasant work conditions B) poor climate C) low cost of living D) long commute time
Value judgments are based on people's tastes, preferences, and ethical opinions
a. True b. False Indicate whether the statement is true or false
Gross Domestic Product (GDP) is the total market value of all
A) final goods and services produced annually within a country's borders. B) final and intermediate goods and services produced annually within a country's borders. C) intermediate goods and services produced annually within a country's borders. D) final goods produced every month within a country's borders.
Which of the following is most likely to be a monopolistically competitive firm?
A) a soybean farmer B) a lettuce farmer C) a municipal water district D) a fast food restaurant