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Hello, I need help solving this problem. Under a fixed exchange rate system, if the dollar price of a Mexican peso is below its equilibrium

Hello, I need help solving this problem.

Under a fixed exchange rate system, if the dollar price of a Mexican peso is below its equilibrium level, the peso is said to be

A.appreciable.

B.depreciable.

C.overvalued.

D.undervalued.

E.none of these options.

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