問題詳情
20. If the fundamental value of the nominal exchange rate equals 0.20 U.S. dollars per franc, but the franc isofficially fixed at 0.15 U.S. dollars per franc, then the franc exchange rate is _____ and to maintain thisexchange rate there will be _____ in the government's stock of international reserves.
(A) undervalued； a net decline
(B) undervalued； a net increase
(C) overvalued； a net increase
(D) overvalued； a net decline
參考答案