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Author Question: Refer to Figure 19-12.The graph above, depicts supply and demand for U.S. dollars ... (Read 717 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
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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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