Exhibit 20-3 
-In Exhibit 20-3, all of the following except one would cause the demand for pesos to shift from D to D', except one. Which is the exception?
A) an increase in income in the United States
B) inflation in the United States
C) a fall in income in the United States
D) inflation in Central America
E) an increase in wealth in the United States
Correct Answer:
Verified
Q106: The supply curve of U.S.dollars is drawn
Q107: In determining the exchange rate between U.S.dollars
Q109: Assume the United States has only one
Q112: As the price of the U.S.dollar increases
Q114: Exhibit 20-4 Q115: Under a floating rate system, exchange rates Q116: When supply and demand analysis is used Q119: An increase in U.S.income that increases American Q119: Exhibit 20-4 Q129: If the Irish pound declines in value
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