Question:

How do I calculate the rate of exchange?

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the question being asked is "What will be the rate of exchange for euros and for the US dollar? (give the cost of each)". Following i have a table with quantity of euros supplied, price(in US dollar), and quantity of euros demanded.

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  1. You just need to find row(column) where quantity supplied equals quantity demanded - and this will be equilibrium price (exchange rate) and quantity for given table. Though you should provide table if analysis is should be more complex.


  2. Use www.xe.com

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