Which of the following is NOT true regarding the monetary approach?
A.
BOP is in equilibrium when money demand equals money supply
B.
Change in reserves results from the disequilibrium in current account, financial and capital account
C.
When a country runs BOP deficit or surplus, it should devalue or revalue its currency
D.
In a two-country model, the exchange rate is determined by the relative quantities of money supply and money demand