Which of the following does not result in a change in the demand for foreign currency?
A. changes in the interest rate
B. changes in income.
C. changes in foreign currency supply.
D. changes in tastes of foreign consumers.
Answer: C
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A change in the price of important inputs will change the quantity supplied but will not shift the supply curve.
Answer the following statement true (T) or false (F)
The opportunity cost of holding money
A. is zero because money is not an economic resource. B. varies inversely with the interest rate. C. varies directly with the interest rate. D. varies inversely with the level of national income.
The table below shows the quantity of labor (measured in hours) and the productivity of labor
Refer to the above table. In Year 2, the economy's real GDP was:
A. $400,000
B. $420,000
C. $462,000
D. $500,000
The Darity-Myers thesis states that
A. he heritage of slavery is largely to blame for black poverty. B. welfare dependency creates a culture of poverty. C. black men have become less useful in the emerging economic order and have become marginalized. D. the root problem of black poverty is the high pregnancy rate of unmarried teenage girls.