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At an Exchange Rate of $1 = €1 in Figure

Question 70

Multiple Choice

At an exchange rate of $1 = €1 in Figure 36.1, there is A) Equilibrium in the foreign exchange market. B) A surplus of dollars. C) A shortage of euros. D) An excess demand for dollars. At an exchange rate of $1 = €1 in Figure 36.1, there is


A) Equilibrium in the foreign exchange market.
B) A surplus of dollars.
C) A shortage of euros.
D) An excess demand for dollars.

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