In the monetary approach to the balance of payments (under flexible exchange rates) an increase in the proportion of income that people in country A wish to hold as money would, other things equal, lead to _______ in country A's demand for money and to ______ of A's currency in the foreign exchange markets.
a. an increase / a depreciation
b. an increase / an appreciation
c. a decrease / a depreciation
d. a decrease / an appreciation