Multiple Choice
Figure 30-7
-Refer to Figure 30-7.The graph above depicts supply and demand for U.S.dollars during a trading day,where the quantity is millions of dollars. In order to support a fixed exchange rate of 0.30 pounds per dollar,the British central bank must
A) buy 0.4 million dollars per trading day.
B) sell 0.4 million dollars per trading day.
C) buy 0.8 million dollars per trading day.
D) sell 0.8 million dollars per trading day.
Correct Answer:
Verified
Correct Answer:
Verified
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