Which of the Following Does NOT Explain Why the Supply

question 30

Multiple Choice

Which of the following does NOT explain why the supply of foreign exchange to Canada is generated by the desire of foreigners to acquire U.S.dollars?  

• A) because Canada is considered a safe haven in times of political unrest 
• B) because the U.S. dollar has long been accepted as an international medium of exchange 
• C) because foreigners want to buy Canadian assets 
• D) because Canadian goods have become less attractive to foreigners

---

Definitions:

1937−1939 Recession

A period of economic downturn in the United States which occurred within the Great Depression era, characterized by a significant decline in industrial production and employment rates.

United Mine Workers

A labor union representing coal miners in the United States, focused on improving workers' safety and wages.

AFL

The American Federation of Labor, a national federation of labor unions in the United States founded in 1886, representing workers in various industries.

Emergency Banking Relief Bill

A 1933 act passed in the United States during the Great Depression to restore investor confidence and stabilize the banking system by putting federally guaranteed banks under the control of the Treasury.