The Currency Used in the Duchy of Saxony Is the Ducet.The

question 56

Multiple Choice

The currency used in the Duchy of Saxony is the ducet.The demand for the Saxonian ducet in the foreign exchange market equals 14,000 - 3,000e and the supply of ducets in the foreign exchange market equals 2,000 + 2,000e,where e is the nominal exchange rate expressed in dollars per ducet.If the ducet is fixed at $2 per ducet,then to maintain this fixed rate the Duchy of Saxony's international reserves must ____________ per period.

• A) decrease by $2,000
• B) decrease by $4,000
• C) increase by $1,000
• D) increase by $2,000
• E) increase by $4,000

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The enduring pattern of romantic or sexual attraction to persons of the opposite sex, the same sex, both sexes, or neither sex.

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