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At the Equilibrium Exchange Rate

Question 28

Multiple Choice

At the equilibrium exchange rate,


A) a surplus may exist but a shortage may not exist.
B) the quantity of dollars demanded equals the quantity of dollars supplied.
C) the demand for dollars equals the supply of dollars.
D) a shortage may exist but a surplus may not exist.
E) the Canadian dollar is trading for 100 U.S.cents per Canadian dollar.

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