Which of the following would be expected to increase the demand for U.S. currency?
A)Competition among brokers forces down the commission charge for selling bonds or stocks.
B)The economy enters a recession.
C)Political instability rises dramatically in developing nations.
D)Online banking allows customers to transfer funds between checking and stock mutual funds 24 hours a day.

Question

Quizplus · Accepted Answer

When developing nations become less stable, investors sell foreign securities and looks for safe investments, and U.S. currency is one possibility.

Which of the Following Would Be Expected to Increase the Demand