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Question: Question 7 In the table below are the supply and demand schedules for Russian roubles. (4 Marks) Quantity of roubles supplied 800 700 600 500 400 200 200 Price $0.80 0.75 0.70 0.65 0.60 0.55 0.50 Quantity of roubles demanded 200 400 600 800 1,000 1,200 1,400 (a) What will be the rate of exchange for the Russian rouble and for the Canadian dollar? (b) What

by Essaynice Tutors | Sep 9, 2023 | posted assignments

Question 7 In the table below are the supply and demand schedules for Russian roubles. (4 Marks) Quantity of roubles supplied 800 700 600 500 400 200 200 Price $0.80 0.75 0.70 0.65 0.60 0.55 0.50 Quantity of roubles demanded 200 400 600 800 1,000 1,200 1,400 (a) What will be the rate of exchange for the Russian rouble and for the Canadian dollar? (b) What would happen if the Canadian and Russian governments wanted to use currency intervention to fix or “peg” the price of a rouble at $0.60?