Question

At what point equilibrium rate of exchange is determined?​

Answer 1

Explanation:

The equilibrium exchange rate is determined at that point where demand for foreign exchange equals supply of foreign exchange. In Fig. 5.4, DD1 and SS1 curves intersect at point E. The foreign exchange rate thus determined is OP.

Answer 2

Answer:

Explanation:

The equilibrium exchange rate is determined at that point where demand for foreign exchange equals supply of foreign exchange. In Fig. 5.4, DD1 and SS1 curves intersect at point E. The foreign exchange rate thus determined is OP..

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