Multiple Choice
When the value of U.S. merchandise exports is less than the value of U.S. merchandise imports,
A) the exchange rate, other currencies per dollar, appreciates
B) the value of the dollar must fall
C) there will be an increase in the demand for dollars
D) an unfavorable balance of trade results
E) foreign currency reserves must fall
Correct Answer:
Verified
Correct Answer:
Verified
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