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    Macroeconomics Study Set 68
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    Exam 21: The Balance of Payments, Exchange Rates, and Trade Deficits
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    If Foreign-Exchange Traders on One Day Want to Exchange P40
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If Foreign-Exchange Traders on One Day Want to Exchange P40

Question 314

Question 314

Multiple Choice

If foreign-exchange traders on one day want to exchange P40 million for dollars, to enforce the peg the Mexican government will need to come up with


A) $40 million.
B) $800 million.
C) $2 million.
D) $0.5 million.

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