Which of the Following Is Consistent with Moving from a Surplus

question 58

Multiple Choice

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

• A)the exchange rate appreciates making domestic goods relatively more expensive.
• B)the exchange rate appreciates making domestic goods relatively less expensive.
• C)the exchange rate depreciates making domestic goods relatively more expensive.
• D)the exchange rate depreciates making domestic goods relatively less expensive.

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Definitions:

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The possible legal consequences or effects that actions or decisions can have, potentially influencing rights, duties, or liabilities.

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The total value of all assets owned by an individual, company, or entity, calculated by summarizing their individual values.

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The service of fixing or maintaining vehicles to ensure they operate correctly and safely.

Simple Majority Vote

A voting method where the choice receiving more than half of the votes wins, as opposed to an absolute majority that may require a higher threshold.