Multiple Choice
Suppose that $1 will buy 0.8 Swiss francs in 2015 and 0.9 francs in 2016.This change would have occurred as a result of
A) an increase in the demand for dollars in the foreign exchange market.
B) a decrease in the demand for dollars in the foreign exchange market.
C) an increase in the supply of dollars in the foreign exchange market.
D) no change in the supply of dollars in the foreign exchange market.
Correct Answer:
Verified
Correct Answer:
Verified
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