Which of the Following Is Consistent with Moving from a Surplus

question 79

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 falls causing U.S.residents to import more
• B)the exchange rate falls causing U.S.residents to import less
• C)the exchange rate rises causing U.S.residents to import more
• D)the exchange rate rises causing U.S.residents to import less

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