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Suppose That the Current Equilibrium Exchange Rate Between the US

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Suppose that the current equilibrium exchange rate between the US dollar and Philippine peso is $0.20 per peso.The Philippine government pegged the peso to the US dollar at the rate of $0.25 per peso.Draw the market demand and supply curve of pesos for US dollars.Would the Philippine central bank have to buy or sell pesos to maintain the peg? Show on the diagram how many pesos would be bought and sold.
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Definitions:

Snowball Sampling

A recruitment technique in research where existing study subjects recruit future subjects from among their acquaintances, creating a "snowball" effect.

Availability Sampling

A non-probability sampling technique where samples are selected based on their availability or ease of access.

Probability Sampling

A sampling method in which every member of the population has a known, non-zero chance of being selected.

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