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Based on This Figure, in Order to Maintain an Exchange

Question 62

Multiple Choice

Based on this figure, in order to maintain an exchange rate of $0.15 dollars per Norwegian krone, the Norwegian government will have to spend (in dollars) _____ worth of international reserves per period.  
Based on this figure, in order to maintain an exchange rate of $0.15 dollars per Norwegian krone, the Norwegian government will have to spend (in dollars) _____ worth of international reserves per period.   A) $300 B) $2,000 C) $825 D) $5,500


A) $300
B) $2,000
C) $825
D) $5,500

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