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pattytcakes pattytcakes
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A year ago
Fixed and Floating Exchange Rates


Exchange rate ($/€)Quantity of            euros (€) demandedQuantity of           euros (€) supplied
1.40​280​450​
1.00​360​360​
0.95​450​280​
Quantities represent millions of euros traded per day.
Refer to the data in the table. Suppose the European Central Bank pegs the euro to the dollar, at one of the exchange rates listed in the table, such that it overvalues the euro. Based on the data in the table, this would generate a ________.

▸ surplus of euros equal to 170 million

▸ shortage of euros equal to 80 million

▸ shortage of euros equal to 450 million

▸ surplus of euros equal to 280 million
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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micapiromicapiro
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A year ago
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pattytcakes Author
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Correct Slight Smile TY
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Good timing, thanks!
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