Scenario: Gizmovia the Republic of Gizmovia Wants to Maintain the Exchange

Question 181
Multiple Choice

Scenario: Gizmovia The Republic of Gizmovia wants to maintain the exchange rate of its currency, the gizmo, at $0.50, but the current exchange rate for the gizmo is $0.40. If Gizmovia uses foreign exchange controls, it should require licenses to _____ gizmos and _____ dollars. A) buy; buy B) buy; sell C) sell; sell D) sell; buy