If the interest rate rises and the supply of dollars in the market for foreign currency exchange shifts left, then the price must have
a) dropped by less than 10 percent.
b) remained constant.
c) risen.
d) dropped by more than 90 percent.
Answer: c) risen
Economics
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Wages in the United States are higher than those in India primarily because
a. the weather is better in the United States. b. a larger proportion of the labor force is unionized in the United States. c. less capital per employee is required in the United States. d. the human and physical capital of American workers exceeds that of their Indian counterparts.
Economics
Explain the role of economies of scale in oligopoly.
What will be an ideal response?
Economics