本题目来源于试卷: Exchange Rates and the Balance of Payments,类别为 IB经济学
[单选题]
Define the term overvaluea5 g yi1f/,n;m7nl5 tkqo :brld curr / 9kd l.auu8hlv,rzz3ency.
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 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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