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Author Question: The Bretton Woods SystemExchange rate ($/)Quantity of pounds () demandedQuantity of pounds () ... (Read 47 times)

kms5229

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on: Nov 23, 2022
The Bretton Woods System


Exchange rate ($/£)Quantity of pounds     (£) demandedQuantity of pounds     (£) supplied
3.40​4.30​7.10​
2.00​5.40​5.40​
1.20​7.10​4.30​

Refer to the data in the table, which represents millions of British pounds traded per day. Under the Bretton Woods system of exchange rates, if the par exchange rate was $3.40 per pound, then  which of the following is true?
◦ The Bank of England would have to buy 2.8 million pounds per day with dollars.
◦ The Bank of England would have to sell 1.1 million pounds per day for dollars.
◦ There is a shortage of pounds equal to 2.8 million.
◦ The Bank of England would have to sell 2.8 million pounds per day for dollars.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by kms5229 on Nov 23, 2022

Sophia0717

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Reply #1 on: Nov 23, 2022
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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kms5229

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

yeungji

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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