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FIGURE 34-2 Refer to Figure 34-2

Question 64

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FIGURE 34-2 Refer to Figure 34-2.If the exchange rate is e<sub>1</sub>,there is A) an excess demand for foreign exchange. B) pressure for the Canadian dollar to appreciate. C) pressure for the exchange rate to rise. D) an excess supply of Canadian dollars. E) a surplus of Canadian dollars. FIGURE 34-2 Refer to Figure 34-2.If the exchange rate is e1,there is


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

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