The Law of Demand for Foreign Exchange Tells Us That

question 102

Multiple Choice

The law of demand for foreign exchange tells us that other things remaining the same,

• A)the higher the exchange rate, the greater is the quantity of Canadian dollars demanded.
• B)the higher the exchange rate, the greater is the demand for Canadian dollars.
• C)the higher the exchange rate, the greater is the supply of Canadian dollars.
• D)the higher the exchange rate, the smaller is the quantity of Canadian dollars demanded.
• E)the lower the exchange rate, the greater is the supply of Canadian dollars.

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Definitions:

Normally Open

Describes a switch or relay contact that is in a default open state, allowing current to flow only when the contact is actuated to close.

Normally Closed

A term referring to an electrical switch or circuit state where the contacts are closed (allowing current flow) when no actuating force is applied.

Electrical State

An electrical state refers to the condition of an electrical component or system, such as being charged, discharged, on, or off.

Drum Switch

A switch used to change the direction of rotation of an electric motor or machine tool.