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Tidy Tidy
wrote...
Posts: 4852
9 years ago
How will an interest rate increase in the United States affect equilibrium in the market for dollars against foreign currencies? (Assume the exchange rate is stated in terms of foreign currency per U.S. dollar.)
A) The equilibrium exchange rate will increase, and the equilibrium quantity of dollars traded cannot be determined.
B) The equilibrium exchange rate will decrease, and the equilibrium quantity of dollars traded cannot be determined.
C) The equilibrium exchange rate cannot be determined, and the equilibrium quantity of dollars traded will increase.
D) The equilibrium exchange rate will increase, and the equilibrium quantity of dollars traded will increase.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 202 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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Posts: 3807
9 years ago
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Tidy Author
wrote...

9 years ago
Thanks for your help!!
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Yesterday
Good timing, thanks!
wrote...

2 hours ago
You make an excellent tutor!
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