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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Suppose that political unrest in Egypt leads financial markets to anticipate a depreciation in the Egyptian pound. How will that affect the demand for pounds. supply of pounds, and exchange rate for pounds compared to, say, U.S. dollars?

To determine

Effect on demand, supply and exchange rate due to political unrest in Egypt is to be determined.

Explanation

The depreciation of Egyptian pound will decrease the demand of dollars and exchange rate of Egyptian pond will increase. As a result, the Egyptian exporter will be benefited because they are receiving the currency of other country and at the time of currency conversion exporter will receive more Eg...

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