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

Economics

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