Question
The exchange rate between the Senegalese CFA and the U.S. dollar is 45 CFA=1 $. This rate changed to 37 CFA=1 $. If the Senegalese
The exchange rate between the Senegalese CFA and the U.S. dollar is 45 CFA=1 $. This rate changed to 37 CFA=1 $. If the Senegalese want to return to the initial exchange rate, then the Senegalese should
a. impose import tariffs.
b. decrease the interest rate.
c. impose import quotas.
d. increase the interest rate.
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International Economics
Authors: Dominick Salvatore
12th edition
9781118955727, 1118955765, 1118955722, 978-1118955765
