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Fixed and Floating Exchange RatesExchange rate ($/)Quantity of euros () demandedQuantity of euros () ...

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Fixed and Floating Exchange RatesExchange rate ($/)Quantity of euros () demandedQuantity of euros () ...

Fixed and Floating Exchange Rates

Exchange rate ($/€)	Quantity of euros (€) demanded	Quantity of euros (€) supplied
1.40	280	430
1.00	360	360
0.90	430	280

Quantities represent millions of euros traded per day.

Refer to the data in the table. If the European Central Bank wanted to support a fixed exchange rate of $1.40 per euro, it would need to ________ million euros per trading day.

▸ buy 75

▸ buy 150

▸ sell 150

▸ sell 75

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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