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The foreign exchange market for the euro (priced using the dollar) is shown below. es/ $1.30/ = e. $1.20/ = e D 8 9 11

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The foreign exchange market for the euro (priced using the dollar) is shown below. es/ $1.30/ = e. $1.20/ = e D 8 9 11 Qmillions If the European Central Bank, which is the monetary authority for the euro, wants the exchange rate to be $1.30/, what it will need to do in the foreign exchange market to achieve that rate? Be sure to include quantities in your answer. If, instead, the European Central Bank (ECB) wants the exchange rate to be $1.20/, what it will need to do in the foreign exchange market to achieve that rate? Be sure to include quantities in your

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