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In the Table Below Are the Supply and Demand Schedules

Question 16

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In the table below are the supply and demand schedules for Russian roubles. In the table below are the supply and demand schedules for Russian roubles. (a) What will be the rate of exchange for the Russian rouble and for the Canadian dollar? (b) What would happen if the Canadian and Russian governments wanted to use currency intervention to fix or peg the price of a rouble at $0.60? (a) What will be the rate of exchange for the Russian rouble and for the Canadian dollar? (b) What would happen if the Canadian and Russian governments wanted to use currency intervention to fix or "peg" the price of a rouble at $0.60?

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(a) A Russian rouble will cost...

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