1. Suppose Zeeland pegs its currency, the zee, at 1 zee = 36 grains of gold while...
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1. Suppose Zeeland pegs its currency, the zee, at 1 zee = 36 grains of gold while Aeeland pegs its currency, the aeellar, at 1 aellar = 10 grains of gold. LO27.7
a. What would the exchange rate be between the zee and the aellar?
b. How many aellars could you get for 7 zees?
c. In terms of gold, would you rather have 14.5 zees or 53 aellars?
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Related Book For 
Microeconomics Principles, Problems, And Policies
ISBN: 9781259915727
21st Edition
Authors: Campbell McConnell
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