If Canadian speculators expect the euro to appreciate against the U.S. dollar, they would
A. use Canadian dollars to buy euros, instantly use the euros to buy U.S. dollars, and then, instantly use the U.S. dollars to buy Canadian dollars.
B. purchase euros.
C. purchase U.S. dollars.
D. purchase Canadian dollars.
Answer: B
You might also like to view...
Why are only final goods and services included in measuring GDP? Give examples to complete your answer
What will be an ideal response?
If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is:
a. 2. b. 5. c. 8. d. 10.
Which of the following provides the economy with currency?
a. Board of Governors b. Federal Reserve Banks c. Federal Open Market Committee d. Treasury Department e. Department of Commerce
Between 1890 and 1914, the gold stock of the world doubled, but world prices fell during this time
Indicate whether the statement is true or false