Currently, 1 unit of a country’s currency is worth US$1.2. The country wants its exchange rate to be US$1.0. Which pair of government measures in the foreign exchange market would need to be used to achieve this objective?
- 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