Figure 19-12 -Refer to Figure 19-12.The Graph Above Depicts Supply and Demand

question 26

Multiple Choice

Figure 19-12
-Refer to Figure 19-12.The graph above depicts supply and demand for U.S.dollars during a trading day,where the quantity is millions of dollars.In order to support a fixed exchange rate of 0.30 pounds per dollar,the British central bank must

• A)buy 0.4 million dollars per trading day.
• B)sell 0.4 million dollars per trading day.
• C)buy 0.8 million dollars per trading day.
• D)sell 0.8 million dollars per trading day.

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