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Question 16(Multiple Choice Worth 3 points) (06.03 MC) Assumethe equilibrium exchange rate for one peso...

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Economics

Question 16(Multiple Choice Worth 3 points) (06.03 MC) Assumethe equilibrium exchange rate for one peso is 0.5 U.S. dollar. Ifit is exchanged for 2 U.S. dollars instead, then which of thefollowing is true about the foreign exchange market for pesos? Thesupply of dollars will be greater than the demand for pesos. Thesupply of pesos will be greater than the demand for pesos. Thesupply of pesos will be less than the demand for pesos. The supplyof pesos will be equal to the demand for pesos. The supply ofdollars will be equal to the demand for dollars.

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