What Is the Long-Term Result of a Central Bank Fixing

What is the long-term result of a central bank fixing an exchange rate below the equilibrium market rate?

A) The money supply will have to decrease resulting in inflation.
B) The money supply will have to decrease resulting in deflation.
C) The money supply will have to increase resulting in inflation.
D) The money supply will have to increase resulting in deflation.
E) The money supply will decrease but the price level will be unaffected.