Which of the Following Statements Is True

question 1

Multiple Choice

Which of the following statements is true?

• A)The demand for foreign currency in the United States increases as the volume of imports increases.
• B)The demand for foreign currency in the United States increases as the volume of exports increases.
• C)The demand for foreign currency in the United States decreases with a decrease in the inflation rate abroad.
• D)The demand for foreign currency in the United States decreases as foreign interest rates rise.
• E)The demand for foreign currency in the United States is unaffected by U.S.demand for foreign goods and services.

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Definitions:

Job Knowledge

The understanding and expertise a person has regarding the tasks, processes, and responsibilities of a specific job.

People-Building Skills

The ability to teach, counsel, and otherwise develop others to higher levels of performance; a quality of leadership desired by followers. Developing others is a leadership function viewed by many leaders as the most rewarding of their tasks.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability, inclined towards seeking stimulation in the company of others.

Organizational Politics

The complex social interactions, strategies, and power plays individuals use within organizations to gain advantage or achieve specific goals.