Multiple Choice
U.S. residents come to believe that the dollar will depreciate in the future, that is, the exchange rate in the future will be lower than the current exchange rate. As a result,
A) there is a movement upward along the demand curve for dollars.
B) the demand curve for dollars shifts rightward.
C) the demand curve for dollars shifts leftward.
D) None of the above answers are correct.
Correct Answer:
Verified
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