An excess demand for domestic currency at current exchange rates is known as a

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An excess demand for domestic currency at current exchange rates indicates that more foreign currency is being converted into the domestic currency than the other way around, typically because the country's exports, investments, and other income sources are greater than its imports and expenditures abroad. This situation is indicative of a balance-of-payments surplus, as the country is receiving more money from its transactions with the rest of the world than it is spending.

An Excess Demand for Domestic Currency at Current Exchange Rates