Suppose That an Emerging Economy Has Its Currency Pegged to the

Suppose that an emerging economy has its currency pegged to the $. Its currency is under pressure to depreciate. To maintain a fixed exchange rate, the central bank of this economy has to intervene by:

A) selling its currency, causing it to gain dollar reserves.
B) selling its currency, causing it to lose dollar reserves.
C) buying its currency, causing it to gain dollar reserves.
D) buying its currency, causing it to lose dollar reserves.