In the foreign exchange market, the higher the dollarʹs exchange rate, the

Name: In the foreign exchange market, the higher the dollarʹs exchange rate, the
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Question

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A higher exchange rate means that more foreign currency can be obtained for each unit of the domestic currency, thus increasing the incentive for domestic sellers to supply more dollars in exchange for foreign currency. Therefore, the quantity supplied of dollars increases.

In the Foreign Exchange Market, the Higher the Dollarʹs Exchange