Multiple Choice
Figure: Rupee Foreign Exchange Market for Dollars
Reference: Ref 20-5 (Figure: Rupee Foreign Exchange Market for Dollars) Based on the figure, what will a decrease in the money supply by the Federal Reserve cause?
A) the demand for dollars to shift to the right
B) the demand for dollars to shift to the left
C) the supply of dollars to shift to the right
D) the supply of dollars to shift to the left
Correct Answer:
Verified
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