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Author Question: Refer to Figure 19-12.The graph above, depicts supply and demand for U.S. dollars ... (Read 685 times)

cnetterville

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on: Mar 16, 2019

Question 1

Figure 19-12










Refer to Figure 19-12. The graph above depicts supply and demand for U.S. dollars during a trading day, where the quantity is millions of dollars. In order to support a fixed exchange rate of 0.30 pounds per dollar, the U.S. central bank must


◦ buy 0.4 million dollars per trading day.
◦ sell 0.4 million dollars per trading day.
◦ buy 0.8 million dollars per trading day.
◦ sell 0.8 million dollars per trading day.

Question 2

Figure 19-12










Refer to Figure 19-12. The graph above, depicts supply and demand for U.S. dollars during a trading day. At a fixed exchange rate of 0.30 pounds per dollar, the dollar is ________ versus the pound. A ________ of the dollar would correct the fundamental disequilibrium that exists in this market.


◦ undervalued; devaluation
◦ undervalued; revaluation
◦ overvalued; revaluation
◦ overvalued; devaluation
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
Buy Test-Bank


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Marked as best answer by cnetterville on Mar 16, 2019

chem1s3

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Reply #1 on: Mar 16, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cnetterville

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Reply #2 on: Mar 16, 2019
Excellent


chem1s3

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Reply #3 on: Mar 16, 2019
Great! Please up vote :D


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