Multiple Choice
Refer to the above diagram.Assume the initial demand for and supply of dollars is shown by D1 and S1.The exchange rate will be
A) ≤0.40 per dollar.
B) ≤0.50 per dollar.
C) $0.40 per pound.
D) JQ3 pounds per dollar.
E) $0.50 per pound.
Correct Answer:
Verified
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