Foreign Governments Are Holding Fewer Dollars as Reserves

Foreign governments are holding fewer dollars as reserves. As a result, the value of the dollar is declining. If foreign governments want to keep the U.S. dollar from declining, they could:

A) implement domestic contractionary monetary policies.
B) implement domestic export subsidies to accumulate dollars.
C) buy more U.S. dollars.
D) reduce their U.S. dollar holdings even more.