Currency stable at the present exchange rate

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Every year, thousands of spring breakers flock to Mexico in search of a good time. They exchange millions of U.S. dollars for Mexican pesos. The Mexican central bank anticipates this and acts to keep its currency stable at the present exchange rate. These actions are consistent with: A. an increase in demand and a decrease in supply B. a decrease in demand and an increase in supply C. an increase in demand and supply D. a decrease in demand and supply

Reference no: EM13977069

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