Other things remaining the same, the
A) lower the exchange rate, the cheaper are foreign- produced goods and services.
B) larger the value of Australian imports, the greater is the quantity of Australian dollars supplied to the foreign exchange market.
C) larger the value of Australian imports, the smaller is the quantity of foreign currency demanded.
D) higher the exchange rate, the lower is the quantity of Australian dollars supplied to the foreign exchange market.
Correct Answer:
Verified
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