A.A devaluation occurs when the central bank lowers the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank raises
B.A devaluation occurs when the central bank raises the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank lowers E.
C.Devaluation occurs when the domestic currency price of foreign currency, E, is raised, and a revaluation occurs when E is
D.A devaluation occurs when the central bank of the foreign country raises the domestic currency price of foreign currency, E, and a revaluation occurs when the central bank of the foreign country lowers
E.None of the above statements is true.
Answer: B
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