Scenario: Suppose India Borrows $10,000 from the United States at the Beginning

Scenario: Suppose India borrows $10,000 from the United States at the beginning of 2016. The flexible exchange rate is 50 Indian rupees per dollar.
-Refer to the scenario above.If India pegs the exchange rate at 70 rupees per dollar,it will require ________ rupees to repay the loan in dollars.

A) 70
B) 7,000
C) 70,000
D) 700,000