Table 15.1. The Market for Francs

question 161

Multiple Choice

Table 15.1.
The Market for Francs

-Refer to Table 15.1.If monetary authorities fix the exchange rate at $0.30 per franc,there will be a:

• A) Shortage of 200 francs
• B) Shortage of 400 francs
• C) Surplus of 200 francs
• D) Surplus of 400 francs

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