Multiple Choice
-Based on the diagram above,if the official value of the krone is fixed at $0.20 per krone,then the Norwegian krone is _________ and the international reserves of Norway will ___________ kroner per period.
A) undervalued;increase by 2,000
B) undervalued;increase by 5,500
C) overvalued;decrease by 2,000
D) overvalued;decrease by 3,500
E) overvalued;decrease by 5,500
Correct Answer:
Verified
Related Questions
