The spot exchange rate is $1.05 per euro.

Which of the following statements is true?

Check all that apply:

At an exchange rate of $1 per euro, there'd be a shortage of euros.

At an exchange rate of $1.10 per euro, there'd be a shortage of euros.

At an exchange rate of $1.10 per euro, there'd be a surplus of euros.

The supply and demand schedules intersect at $1.05 per euro.

At an exchange rate of $1 per euro, there'd be a surplus of euros.