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FIGURE 34-2 Refer to Figure 34-2

Question 76

Multiple Choice

FIGURE 34-2 Refer to Figure 34-2.If the exchange rate is e<sub>2</sub>,there is A) an excess supply of foreign exchange. B) pressure for the Canadian dollar to appreciate. C) pressure for the exchange rate to fall. D) a shortage of Canadian dollars. E) an excess demand for foreign exchange. FIGURE 34-2 Refer to Figure 34-2.If the exchange rate is e2,there is


A) an excess supply of foreign exchange.
B) pressure for the Canadian dollar to appreciate.
C) pressure for the exchange rate to fall.
D) a shortage of Canadian dollars.
E) an excess demand for foreign exchange.

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