Under a system of freely floating exchange rates an increase in the international value of…

Under a system of freely floating exchange rates an increase in the international value of a country’s currency will cause?
  • A.
    its exports to rise
  • B.
    its imports to rise
  • C.
    gold to flow into that country
  • D.
    its currency to be in surplus
Correct Answer: Option B
Explanation
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