Multiple Choice
Which of the following is consistent with moving from a shortage to equilibrium in the market for foreign currency exchange?
A) the exchange rate falls so foreign residents want to buy more U.S.goods and services
B) the exchange rate falls so foreign residents want to buy fewer U.S.goods and services
C) the exchange rate rises so foreign residents want to buy more U.S.goods and services
D) the exchange rate rises so foreign residents want to buy fewer U.S.goods and services
Correct Answer:
Verified
Correct Answer:
Verified
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