Macroeconomics 11th Edition by Michael Parkin

Exercise 31

Colombia is the world's biggest producer of roses. The global demand for roses increases and at the same time, the central bank in Colombia increases the interest rate. In the foreign exchange market for Colombian pesos, what happens to
a. The demand for pesos?
b. The supply of pesos
c. The quantity of pesos demanded
d. The quantity of pesos supplied
e. The exchange rate of the peso against the U.S. dollar