EBK MANAGERIAL ECONOMICS
EBK MANAGERIAL ECONOMICS
4th Edition
ISBN: 8220100546624
Author: FROEB
Publisher: YUZU
Question
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Chapter 11, Problem 1MC
To determine

Equilibrium exchange rate.

Expert Solution & Answer
Check Mark

Explanation of Solution

The equilibrium exchange rate occurs at the point where the demand for dollar and supply of dollar intersect with each other. Thus, option ‘b’ is correct.

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