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Refer to the Above Diagram

Question 116

Multiple Choice

Refer to the above diagram.The initial demand for and supply of pesos are shown by D<sub>1</sub> and S<sub>1</sub>.The exchange rate will be: A) M dollars for one peso. B) 1/B pesos for one dollar. C) A dollars for one peso. D) C dollars for one peso. Refer to the above diagram.The initial demand for and supply of pesos are shown by D1 and S1.The exchange rate will be:


A) M dollars for one peso.
B) 1/B pesos for one dollar.
C) A dollars for one peso.
D) C dollars for one peso.

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