Multiple Choice
Which of the following events is likely to generate a supply of U.S. dollars in the foreign exchange market?
A) A Saudi Arabian citizen buys a condominium in New York.
B) An American student will pay her way to attend her first year of college at Oxford, England.
C) Alabama Mills exports 5,000 bales of cotton to Pakistan.
D) Hans Meyer, a German citizen, plans to spend a month in California, sampling wines.
Correct Answer:
Verified
Correct Answer:
Verified
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