A leftward shift of the supply of foreign exchange would tend to cause the exchange rate to depreciate.

Name: A leftward shift of the supply of foreign exchange would tend to cause the exchange rate to depreciate.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

A leftward shift of the supply of foreign exchange means that there is less foreign exchange available for sale at any given exchange rate. This will cause the exchange rate to depreciate, as the demand for foreign exchange will exceed the supply.

A Leftward Shift of the Supply of Foreign Exchange Would