Suppose that the US dollar and the Malaysian ringgit have a fixed exchange rate of $1/RM4 and this exchange rate initially corresponds to equilibrium in the foreign exchangemarket. Draw and label a graph depicting the initial situation in the market for ringgitdenominated deposits. What conditions must be fulfilled in order for this market to be inequilibrium? Explain

(a) Andaikan bahawa dolar Amerika dan ringgit Malaysia mempunyai kadar pertukaran tetap $1/RM4 dan kadar pertukaran ini pada awalnya merupakan titik keseimbangan dalam pasaran pertukaran asing. Lukis dan labelkan graf yang menunjukkan situasi awal di pasaran deposit berdenominasi ringgit. Apakah syarat yang mesti dipenuhi agar pasaran ini berada dalam keseimbangan? Terangkan. Suppose that the US dollar and the Malaysian ringgit have a fixed exchange rate of $1/ RM4 and this exchange rate initially corresponds to equilibrium in the foreign exchange market. Draw and label a graph depicting the initial situation in the market for ringgit- denominated deposits. What conditions must be fulfilled in order for this market to be in equilibrium? Explain. [2 markah/marks]