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Use the Following Figure Showing the Supply Of, and Demand

Question 45

Multiple Choice

Use the following figure showing the supply of, and demand for, Israeli new shekels by holders of U.S. dollars.
Use the following figure showing the supply of, and demand for, Israeli new shekels by holders of U.S. dollars. -The exchange rate that emerges in this market is: A) $0.75 = 1.00 new shekel. B) $0.75 = 1.33 new shekels. C) $1.00 = 0.75 new shekels. D) $1.00 = 1.25 new shekels.
-The exchange rate that emerges in this market is:


A) $0.75 = 1.00 new shekel.
B) $0.75 = 1.33 new shekels.
C) $1.00 = 0.75 new shekels.
D) $1.00 = 1.25 new shekels.

Correct Answer:

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