In Foreign Exchange Markets, the Demand for Dollars Is Determined

In foreign exchange markets, the demand for dollars is determined:

A) solely by the level of U.S. merchandise exports.
B) solely by the level of U.S. merchandise imports.
C) by the level of U.S. imports and the demand for foreign assets by U.S. citizens and the U.S. government.
D) by the level of U.S. exports and the demand for U.S. assets by foreigners.
E) solely by the levels of U.S. merchandise exports and merchandise imports.