Assume Mexico Balance of Payment, the Current Account has a surplus, how many of the following statement(s) is/are false? L. The supply for Mexico Peso is likely to exceed the demand in the foreign exchange market ceteris paribus. 11. The Mexico Peso would be under pressure to appreciate against other currencies. II. The Mexico Peso would be under pressure to depreciate against other currencies. III. Immediately, Mexico will run a deficit to reverse the surplus AO 2 3 4