If the Exchange Rate Is Too High in the Foreign

question 37

Multiple Choice

If the exchange rate is too high in the foreign exchange market,

• A)there is a surplus and the exchange rate will rise.
• B)there is a surplus and the exchange rate will fall.
• C)exports are cheap, and the demand curve for Canadian dollars will shift rightward.
• D)there is a shortage and the exchange rate will fall.
• E)there is a shortage and the exchange rate will rise.

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Definitions:

Pleasure

A broad class of mental states that humans and other animals experience as positive, enjoyable, or worth seeking.

2 Weeks

A time period equivalent to fourteen days.

Personality Disorders

A group of mental health conditions characterized by enduring patterns of behavior, cognition, and inner experience that differ significantly from societal norms, leading to distress or impaired functioning.

Genetics

The DNA from one’s biological mother and biological father.