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The dollar is regarded as the "safe haven" currency; investors flock to it when they are worried ...

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The dollar is regarded as the "safe haven" currency; investors flock to it when they are worried ...

The dollar is regarded as the "safe haven" currency; investors flock to it when they are worried about the outlook for the global economy. Fears were at their greatest in late 2008 and early 2009 after the collapse of the Lehman Brothers investment bank in September 2008. As investors flocked to the dollar
A) the demand for dollars increased and the exchange rate increased.
B) the demand for dollars decreased and the exchange rate decreased.
C) the supply of dollars increased and the exchange rate decreased.
D) the supply of dollars decreased and the exchange rate increased.

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Macroeconomics

Edition: 12^th

Author: Parkin

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