Which of the Following Statements Is True

question 1

Multiple Choice

Which of the following statements is true?

• A)The demand for foreign currency in the United States increases as the volume of imports increases.
• B)The demand for foreign currency in the United States increases as the volume of exports increases.
• C)The demand for foreign currency in the United States decreases with a decrease in the inflation rate abroad.
• D)The demand for foreign currency in the United States decreases as foreign interest rates rise.
• E)The demand for foreign currency in the United States is unaffected by U.S.demand for foreign goods and services.

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Definitions:

Standard Conditions

The set of established conditions including 0°C (273.15 K) and 1 atmosphere pressure used as a baseline to measure properties of substances.

Equilibrium Constant

A numerical value that expresses the ratio of concentrations of products to reactants at equilibrium, specific for a given reaction at a given temperature.

Gibbs Free Energy

A thermodynamic quantity used to predict the feasibility of a reaction at constant temperature and pressure.

PKa Values

Quantitative measures that describe the acidity of a compound, representing the negative log of the acid dissociation constant (Ka).