The supply of U.S. dollars on foreign exchange markets is
A) determined directly by open market operations at the Federal Reserve Bank.
B) derived from the demand for U.S. products by foreigners.
C) derived from the supply of U.S. goods.
D) derived from the demand by United States for imported goods and services.
D
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The figure above shows the marginal revenue and long-run cost curves for a perfectly competitive firm. Which of the following statements is TRUE?
A) The firm is producing at minimum long-run average cost. B) Over time, this firm will leave this industry. C) The firm is earning positive economic profit. D) The firm will eventually decrease its production.
The comparison of after-tax income distribution among countries is difficult for all the following reasons except differences in
a. peoples' abilities b. tax systems c. government assistance programs d. cultures, for example preferences for leisure e. peoples' tolerance of income inequality
Explain why bond prices and interest rates are inversely related
There is a technological improvement in the production of good X. As a result, the _____________ curve for good X will shift ____________ resulting in a(n) _____________ in the equilibrium price of X and a(n) ____________ in the equilibrium quantity of X
A) supply; rightward; decrease; increase. B) demand; leftward; decrease; decrease C) demand; rightward; increase; increase D) supply; leftward; increase; decrease E) supply; leftward; increase; increase