If the US Purchases Oil from Nigeria, What Is the Effect in Effect

question 24

Multiple Choice

If the U.S. purchases oil from Nigeria, what is the effect in the foreign exchange market?

• A) It will increase demand for U.S. dollars.
• B) It will decrease demand for U.S. dollars.
• C) It will increase supply of U.S. dollars.
• D) It will decrease supply of U.S. dollars.

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Definitions:

Cotton Gloves

Protective wear made from cotton that helps in handling sensitive objects without leaving fingerprints or causing damage.

UPS

Uninterruptible Power Supply, a device that provides emergency power to a load when the input power source or mains power fails.

Surge Protector

A device that protects electrical appliances from voltage spikes by blocking or shorting to ground any unwanted voltages above a safe threshold.

Line Conditioner

A device that improves the quality of electrical power by stabilizing voltage and filtering noise and spikes.