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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
1.25	300	430
1.20	350	350
0.95	430	300

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 $0.95 per euro, it would need to ________ million euros per trading day.

▸ buy 130

▸ sell 65

▸ sell 130

▸ buy 65

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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