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rbowen87 rbowen87
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A year ago
Scenario: Suppose India borrows $10,000 from the United States at the beginning of 2016. The flexible exchange rate is 50 Indian rupees per dollar.


Refer to the scenario above. If India pegs the exchange rate at 70 rupees per dollar, it will require ________ rupees to repay the loan in dollars.

▸ 700,000

▸ 70

▸ 70,000

▸ 7,000
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Macroeconomics

Macroeconomics


Edition: 3rd
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lewmyrlewmyr
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