When a Country Fixes the Price of Foreign Exchange (In

When a country fixes the price of foreign exchange (in terms of the domestic currency) below equilibrium, which of the following will result?

A) A black market will develop for foreign exchange.
B) Residents of that country can buy as much foreign currency as they want.
C) There will be a surplus of foreign exchange.
D) A depreciation of the currency will restore equilibrium in the foreign exchange market.