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As the Dollar Depreciates Relative to the Russian Ruble, U

Question 18

Multiple Choice

As the dollar depreciates relative to the Russian ruble, U.S. goods become cheaper for Russians to purchase. Therefore, in the foreign exchange market, the


A) supply curve of dollars is downward sloping.
B) demand curve for dollars is downward sloping.
C) supply curve of euros is downward sloping.
D) demand curve for euros is upward sloping.

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