Contrary to the product market, in the currency market demand is positively sloped reflecting the greater speculative yield potential from high priced currencies

A person who agrees to buy an asset at a future date is going

A) long. B) short. C) back. D) ahead.

When the nominal exchange rate falls

A) the domestic currency buys more units of foreign currency and the domestic currency has depreciated. B) the domestic currency buys fewer units of foreign currency and the domestic currency has depreciated. C) the domestic currency buys more units of foreign currency and the domestic currency has appreciated. D) the domestic currency buys fewer units of foreign currency and the domestic currency has appreciated.