Steadily losing their foreign exchange reserves

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Reference no: EM13893257

If the central bank (such as the fed in the us) of a country is steadily losing their foreign exchange reserves under a fixed exchange rates, then probably

A. Its currency is overvalued

B. Its currency is undervalued

C. It has a high interest rate

D. It has a balance of pmts surplus

Reference no: EM13893257

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