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1) Assume that Malaysia income level rises at a much lower rate than does the Singapore income level. Other things being equal, explain how this

1) Assume that Malaysia income level rises at a much lower rate than does the Singapore income level. Other things being equal, explain how this should affect the followings:

(i) Malaysia demand for Singapore dollars (3 marks)

(ii) Supply of Singapore dollars (3 marks)

(iii) Equilibrium value of the Singapore dollar (1 mark)

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