What Would Be the Effect of a Leftward Shift of the European

question 21

Multiple Choice

What would be the effect of a leftward shift of the European demand curve for foreign exchange?  

• A) The price of foreign exchange in Europe would decrease. 
• B) The price of foreign exchange in Europe would increase. 
• C) Foreign goods would become more expensive in terms of euros. 
• D) European goods would become less expensive in terms of foreign exchange.