Multiple Choice
The table below shows the supply and demand schedules for the European euro.
Refer to the table above. If the U.S. government decides to fix or peg the price of the euro at $1.00, it would have to:
A) Buy 100 euros
B) Buy 360 euros
C) Sell 160 euros
D) Sell 360 euros
Correct Answer:
Verified
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