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]
What will be the impact of a qsztyi p7d 2 *8qg)zcanf*1 *ma s aa(dk5h s4bl6hng9 +78a3qvn bbl/current account deficit on the country’s currency under a floating exch347qal+s vb89abs dahn h/ka6(l nbg5ange rate system?
A. It will depreciate
B. It will appreciate
C. It will not change
D. Indeterminate
参考答案: A
本题详细解析:
A Explanation: A deficit in the current account implies that outflows exceed inflows. This leads to the supply of currency being greater than its demand. Consequently, in a floating exchange rate system—where demand and supply for the currency determine the exchange rate—the exchange rate depreciates. Options B, C, and D are incorrect: - Option B, as currency appreciates if there is a surplus in the current account
- Option C, as the exchange rate remains unchanged under a fixed exchange rate system
- Option D, as a deficit on the current account causes the currency to depreciate
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