The Recent Discovery of a Significant Amount of Shale Oil

question 9

Multiple Choice

The recent discovery of a significant amount of shale oil in the U.S. that can be exported will shift the:

• A) supply of U.S. currency to the right and lead to a currency depreciation.
• B) supply of U.S. currency to the right and lead to a currency appreciation.
• C) demand for U.S. currency to the left and lead to a currency depreciation.
• D) demand for U.S. currency to the right and lead to a currency appreciation.

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Definitions:

Net Income

The total profit of a business after all expenses and taxes have been subtracted from total revenue.

Inventory

Items that are held by a company for the purpose of selling in the near future or the materials used to produce those goods.

Supplies

Tangible items used in the operation of a business that are not directly associated with the product or service offered.