The Exchange Rate Between the U

question 55

Multiple Choice

The exchange rate between the U.S.dollar and other currencies is dependent in the short run on all of the following EXCEPT

• A) the level of interest rates in the United States relative to foreign interest rates.
• B) the foreign demand for U.S. produced goods.
• C) the law of one price.
• D) the desirability of U.S. financial securities.