What Is the Shape for the Demand Curve for Foreign

question 69

Multiple Choice

What is the shape for the demand curve for foreign exchange?  

• A) downward sloping 
• B) upward sloping 
• C) horizontal, because no individual country can influence the price of foreign exchange 
• D) vertical, because no individual country can influence the price of foreign exchange

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Definitions:

Adequately

In a manner that is sufficient or satisfactory for a particular purpose.

Performance

In contract law, it refers to the act of doing what is required by a contract.

Novation

The act of replacing an original party in a contract with a new party, with the consent of all involved, effectively creating a new contract.

Previous Valid Obligation

A duty or commitment that has been legally recognized and must be fulfilled as previously agreed or contracted.