The supply of dollars in foreign exchange markets is
A) determined by the Federal Reserve's Board of Governors.
B) determined by the demand for U.S. goods.
C) determined by the U.S. demand for foreign goods.
D) a function of the international banking system.
Answer: C
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All of the following factors are held constant when price changes on a demand curve except:
A) income. B) quantity demanded. C) population. D) tastes and preferences.
National League pitchers partake in some batting practice (typically, bunting). Why don't American League pitchers practice batting?
A) Practice can't be expected to improve their terribly poor batting skills. B) They have little incentive, given the designated hitter rule. C) They don't believe the slogan "There is no 'I' in 'Team'." D) They ignore the rules of the game.