In the Market for Foreign-Currency Exchange, E₁ Is

question 42

Multiple Choice

In the market for foreign-currency exchange, E₁ is:

• A)the price of goods and services in the present relative to goods and services in the future
• B)the price of goods and services in the future relative to goods and services in the present
• C)the price of foreign goods and services relative to domestic goods and services
• D)the price of domestic goods and services relative to foreign goods and services