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government's currency

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A government's currency trades at equilibrium for $.30. What will happen if they try to maintain an exchange rate of $.40?

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https://brainmass.com/economics/supply-and-demand/government-s-currency-62562

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When there is an increase in exchange rate of foreign currency from $.30 to .40, ...

Solution Summary

How to maintain an exchange rate with the included factors is emphasized.

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