Currently, 1 unit of a country’s currency is worth US$1.20. The country wants to fix its exchange rate at US$1.00. Which mix of government measures in the foreign exchange market must be used to achieve this aim?
- Abuying US currency and buying its own currency
- Bbuying US currency and selling its own currency
- Cselling US currency and buying its own currency
- Dselling US currency and selling its own currency