Question: Some countries with fixed exchange rates have attempted to overvalue their currencies; that is, they have tried to keep the exchange rate above the market

Some countries with fixed exchange rates have attempted to overvalue their currencies; that is, they have tried to keep the above the market rate.
a. How can a country overvalue its currency?
b. Why would a country want to maintain an overvalued currency?
c. Why is it difficult to maintain an overvalued currency for a long period of time? Briefly explain.

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