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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