-Which of the following would best explain the increase in demand for dollars illustrated in Figure ?

Name: -Which of the following would best explain the increase in demand for dollars illustrated in Figure ?
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

An increase in foreign incomes, ceteris paribus, would lead to an increase in demand for dollars because foreigners with higher incomes would likely buy more U.S. goods, services, or investments, requiring them to exchange their currency for dollars.

-Which of the Following Would Best Explain the Increase in Demand