The less foreigners demand U.S. products:
a. the more of their currencies they will supply in exchange for U.S. dollars.
b. the more of their currencies they will demand in exchange for U.S. dollars.
c. the less of their currencies they will supply in exchange for U.S. dollars.
d. the less of their currencies they will demand in exchange for U.S. dollars.
c
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Globalization is an economic issue and does not involve political and social dimensions
a. True b. False Indicate whether the statement is true or false
When measured as a percentage of GDP, the U.S. national debt reached its highest levels as a result of:
a. World War II. b. the Vietnam War. c. the Bush economic recovery program. d. the Reagan defense buildup and tax cut.
An attempt by a central bank to alter the money supply by buying or selling domestic assets
A) will leave both domestic money supply and foreign reserves unchanged. B) will cause an offsetting change in aggregate demand. C) will lead to a rise in domestic employment and output. D) will lead to a decrease in domestic employment and output. E) will cause an offsetting change in foreign reserves and leave the domestic money supply unchanged.
The federal funds rate is the interest rate for
A. Interbank reserve loans. B. Reserves borrowed from the Fed. C. Money lent to a bank's best business customers. D. Reserves lent by banks to the Fed.