If the Price of a Local Currency Increases,then It Follows

question 64

Multiple Choice

If the price of a local currency increases,then it follows:

• A) holders of the local currency will see the price of foreign goods increase.
• B) It is equivalent to an increase in the price of the foreign currency.
• C) The demand for local currency will increase.
• D) There will be an increase in the quantity of local currency supplied to the market.

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