Multiple Choice
On a foreign exchange diagram of the equilibrium exchange rate,there is equilibrium at AUD 0.94 per USD.At AUD0.97,there would be excess _____ the dollar and the dollar would _____ in the return to equilibrium.
A) demand for, appreciate
B) supply of, depreciate
C) supply of, appreciate
D) demand for, depreciate
Correct Answer:
Verified
Correct Answer:
Verified
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