Which of the following does NOT explain why the supply of foreign exchange to Canada is generated by the desire of foreigners to acquire U.S.dollars?
A) because Canada is considered a safe haven in times of political unrest
B) because the U.S. dollar has long been accepted as an international medium of exchange
C) because foreigners want to buy Canadian assets
D) because Canadian goods have become less attractive to foreigners
Correct Answer:
Verified
Q73: How is the price of goods affected
Q74: Q75: Suppose fewer Canadian dollars are needed to Q76: What is the shape for the demand Q77: Suppose the Canadian dollar depreciates relative to Q79: Suppose the Canadian dollar appreciates in the Q80: What does the demand curve for euros Q81: Exhibit 16-3 Q82: Suppose Canadian consumers start buying more shoes Q83: Exhibit 16-4 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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