Use the Following to Answer Questions: Figure: Yuan Foreign Exchange

question 160

Multiple Choice

Use the following to answer questions: Figure: Yuan Foreign Exchange Market for U.S. Dollars
-(Figure: Pound Foreign Exchange Market for Euros)
Figure: Pound Foreign Exchange Market for Euros
Use the figure to answer the following question: If the British become wealthier and begin importing more goods from the European Union, which shift would occur in the foreign exchange market for euros?

• A) The demand for euros would shift to the right.
• B) The demand for euros would shift to the left.
• C) The supply of euros would shift to the right.
• D) The supply of euros would shift to the left.

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