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Refer to the Above Diagram

Question 99

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:

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