Use the Following to Answer Questions

question 6

Multiple Choice

Use the following to answer questions .
Exhibit: Exchange Rates
-(Exhibit: Exchange Rates) The equilibrium quantity, Q₁ represents

• A) the quantity of U.S. dollars supplied by the Federal Reserve in foreign markets.
• B) the quantity of U.S. dollars supplied and demanded by foreign nationals.
• C) The quantity of U.S. dollars supplied by U.S. importers and U.S. nationals who purchased foreign assets.
• D) It represents the total amount foreigners spent in the United States during a given period.