The expectation of a future devaluation of a fixed exchange rate will lead to Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a a sharp rise in reserves and a rise in the domestic interest rate above the world interest rate. b a sharp fall in reserves and an unchanged domestic interest rate. c a sharp fall in reserves and a rise in the domestic interest rate above the world interest rate. d a sharp rise in reserves and a fall in the domestic interest rate below the world interest rate.