Multiple Choice

-Based on the diagram above,if the official value of the Norwegian krone is fixed at $0.20 per krone,then Norway will have a balance-of-payments ___________ of ___________ kroner per period.
A) surplus;2,000
B) surplus;5,500
C) deficit;2,000
D) deficit;3,500
E) deficit;7,500
Correct Answer:
Verified
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