Which of the Following Events Is Likely to Generate a Demand

question 36

Multiple Choice

Which of the following events is likely to generate a demand for U.S. dollars in the foreign exchange market?

• A) A Saudi Arabian citizen buys a condominium in New York.
• B) An American student will begin her first year of college at Oxford, England.
• C) Wal-Mart imports 5,000 bicycles from China to sell in its stores.
• D) The Illinois Chamber of Commerce will finance and lead a trade mission to India.