Under a fixed exchange rate regime a deficit on the balance of payments for a country refers to:

Under a fixed exchange rate regime a deficit on the balance of payments for a country refers to: O A situation where a central bank is using its foreign reserves to purchase the excess supply of domestic currency. O A situation where a central bank is using its foreign reserves to purchase the excess demand for domestic currency. O A situation where a central bank is using domestic currency to purchase the excess supply of foreign currency. O A situation where a central bank is using its domestic currency to purchase the excess demand for foreign currency. O A situation where the foreign reserves of the central bank are increasing