Which of the Following Is Consistent with Moving from a Shortage

question 125

Multiple Choice

Which of the following is consistent with moving from a shortage to equilibrium in the market for foreign currency exchange?

• A)the exchange rate falls so foreign residents want to buy more U.S.goods and services
• B)the exchange rate falls so foreign residents want to buy fewer U.S.goods and services
• C)the exchange rate rises so foreign residents want to buy more U.S.goods and services
• D)the exchange rate rises so foreign residents want to buy fewer U.S.goods and services

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Definitions:

Mean

The average value of a set of numbers, calculated by dividing the sum of all the numbers by the count of numbers.

Successful

Achieving desired visions and planned goals through effective performance or operation.

Foul Shots

Attempted shots in basketball awarded following a foul, taken from the free-throw line without interference from other players.

Probability

The assessment of an event's occurrence likelihood, marked numerically between 0 and 1.