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:

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