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Author Question: Refer to Figure 19-4.The equilibrium exchange rate is atA, $3/pound. Suppose the British ... (Read 303 times)

jessicacav

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Question 1

Figure 19-3










Refer to Figure 19-3.  If the Thai government pegs its currency to the dollar at a value above $.03/baht, we would say the currency is


◦ undervalued.
◦ overvalued.
◦ parity valued.
◦ equilibrium valued.

Question 2

Figure 19-4










Refer to Figure 19-4.  The equilibrium exchange rate is at A, $3/pound. Suppose the British government pegs its currency at $4/pound. At the pegged exchange rate,


◦ there is a shortage of pounds equal to 600 million.
◦ there is a surplus of pounds equal to 400 million.
◦ there is a shortage of pounds equal to 400 million.
◦ there is a surplus of pounds equal to 600 million.
◦ there is a shortage of pounds equal to 200 million.


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Marked as best answer by jessicacav on Mar 16, 2019

skipfourms123

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jessicacav

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Reply 2 on: Mar 16, 2019
Great answer, keep it coming :)


connor417

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Reply 3 on: Yesterday
Gracias!

 

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