Figure 11.2. Market for Francs

Multiple Choice

Figure 11.2. Market for Francs
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-Refer to Figure 11.2.A shift in the demand for francs from D₀ to D₁, or a shift in the supply of francs from S₀ to S₂, would result in a(n)

A) depreciation in the dollar against the franc.
B) appreciation in the dollar against the franc.
C) unchanged dollar/franc exchange rate.
D) depreciation in the franc against the dollar.