The demand for foreign exchange results from:
A) the domestic demand for foreign goods.
B) the foreign demand for domestic goods.
C) the domestic supply of export goods.
D) foreign tourists visiting the domestic country.
E) currency substitution.

Question

Quizplus · Accepted Answer

The demand for foreign exchange arises when domestic consumers or businesses want to purchase foreign goods, services, or assets, which requires exchanging domestic currency for foreign currency.

The Demand for Foreign Exchange Results From