-In the Figure Above, the Shift in the Demand Curve

question 42

Multiple Choice

-In the figure above, the shift in the demand curve for Australian dollars from D₀ to D₂ could occur when

• A)people expect that the dollar will appreciate.
• B)foreign interest rates fall.
• C)the Australian interest rate rises.
• D)the Australian interest rate falls.

---

Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, in order to be enforceable.

Bailment

A legal relationship where physical possession of personal property is transferred from one person to another under agreement that the property will be returned or otherwise disposed of according to the owner's directions.

Written Agreement

A legally binding contract documented in written form between two or more parties.

Sole Benefit

Refers to a financial or legal benefit intended exclusively for an individual or specific party.