Why do people and firms in the United States supply dollars to the foreign exchange market?
What will be an ideal response?
People and firms supply dollars in order to obtain foreign currency with which to purchase foreign goods and services and/or foreign assets.
Economics
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The demand curve of a commodity slopes downward because of:
a. the insatiable nature of human wants. b. the presence of double coincidence of wants. c. the law of demand. d. the scarcity of goods and services in an economy. e. the law of diminishing marginal utility.
Economics
A depreciation in the dollar relative to the yen would make Japanese-produced input X more expensive for U.S. producers
Indicate whether the statement is true or false
Economics