Refer to the diagram. At the price $.80 for 1 euro:
The following diagram is a flexible exchange market for foreign currency:
A. the quantity of euros demanded equals the quantity supplied.
B. the dollar-euro exchange rate is unstable.
C. the dollar price of 1 euro equals the euro price of 1 dollar.
D. there will be a surplus of euros in the foreign exchange market.
A. the quantity of euros demanded equals the quantity supplied.
You might also like to view...
A demand curve
A) has an upward slope. B) has a downward slope. C) is a graph of the relationship between quantity demanded of a good and its price. D) Both answers B and C are correct. E) Both answers A and C are correct.
The World Bank formed the World Trade Organization when it became clear that to alleviate poverty in developing nations, agricultural trade barriers were going to have to be reduced
Indicate whether the statement is true or false