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:

Good X

A placeholder term often used in economics to denote a specific, but unspecified, commodity or product in theoretical discussions.

Good Y

A placeholder term often used in economics to denote a specific good or product under consideration in a model or theory.

Food Stamps

A government assistance program providing electronic benefits to low-income individuals and families for the purchase of food.

Weekly Income

The total amount of money earned or received by an individual or household within the span of a week.