IB Economics Unit 4.3: Global Economy - Exchange Rates & Balance of Payments (id

本题目来源于试卷: IB Economics Unit 4.3: Global Economy - Exchange Rates & Balance of Payments，类别为 IB经济学

[单选题]
Define the term overva7tb1vbu(: z cx:ers16k2a o e;nr3pa wlued currency.

A. A currency whose value increases when quantity demanded exceeds its quantity supplied in the foreign exchange market.
B. A currency whose value decreases when the quantity supplied exceeds the quantity demanded in the foreign exchange market.
C. A currency where the exchange rate exceeds the exchange rate that would exist in a floating exchange rate system.
D. A currency where the exchange rate is set below the exchange rate that would exist in a floating exchange rate system.


参考答案:  C


本题详细解析:

C

$\underset{‾}{\text{Explanation}}$:
C is correct because an overvalued currency's exchange rate is kept artificially high, above the equilibrium in a floating exchange rate regime.

A and B are incorrect because they imply appreciation or depreciation, not overvaluation.

D is wrong because it defines an undervalued currency.

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