An Excess Demand of the Dollar in Exchange for Yen

question 68

Multiple Choice

An excess demand of the dollar in exchange for yen will cause:

• A)no change in the exchange rate of the yen to the dollar.
• B)the dollar to depreciate relative to the yen.
• C)the yen to depreciate against all major currencies.
• D)the dollar to appreciate relative to the yen.

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Definitions:

Dispatched

refers to sending off to a destination or for a specific purpose.

Effective

Achieving a desired or intended result, or coming into force; successfully producing a desired or intended result.

Mirror Image Rule

A principle in contract law that requires the acceptance of an offer to be identical to the offer itself, without any modifications, for a contract to be legally binding.

Modified Version

An altered or adapted version of an original work, product, software, etc., typically to improve functionality, correct errors, or introduce new features.