The Demand for Euros on Foreign Exchange Markets Slopes

Multiple Choice

The demand for euros on foreign exchange markets slopes:

A) upward because foreign consumers buy fewer European goods when the value of the euro increases.
B) upward because foreign consumers buy more European goods when the value of the euro increases.
C) downward because foreign consumers buy fewer European goods when the value of the euro increases.
D) downward because foreign consumers buy more European goods when the value of the euro increases.