In the market for euros, the demand for euros (€) is
A) downward sloping, because at lower dollar prices for the euro, U.S. residents will buy more European goods and services.
B) upward sloping, because at higher dollar prices for the euro, U.S. residents will buy more European goods and services.
C) upward sloping, because at higher dollar prices for the euro, Europeans will buy more U.S. goods and services.
D) horizontal, because dollar prices of euros and euro prices of dollars are directly related.
Answer: A
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