In foreign exchange markets, the supply of U.S. dollars is determined by all of the following except
A. American investments in foreign nations.
B. Speculation.
C. Foreign demand for American exports.
D. American demand for imports.
Answer: C
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The U.S. Congress instituted a system of deposit insurance for banks in:
A. 1913. B. 1789. C. 1865. D. 1934.
Preferred Budgets ($ in millions)567891011Number of voters (in thousands)61016201595Table 15.2Table 15.2 shows the preferred budget for a new civic center and the number of voters in a community who prefer that budget. If Jay proposed $7 million while David proposed $10 million, whose budget will be selected if everyone votes?
A. Jay's B. David's C. It will be a tie. D. The outcome cannot be predicted.
Which of the following nations is not a member of the eurozone?
A. Italy. B. Spain. C. Germany. D. The United Kingdom.
When the rate of appreciation of the nominal exchange rate equals the foreign inflation rate minus the domestic inflation rate, we say there is
A. purchasing power parity. B. an aggregate supply shock. C. a Phillips curve. D. relative purchasing power parity.