Hyundai is a large South Korean company that produces finished steel products.Hyundai plans to buy raw steel from U.S.Steel.As a result,the demand curve for U.S.dollars ________ and the demand curve for South Korean won ________.

Question

Quizplus · Accepted Answer

When Hyundai buys raw steel from U.S. Steel, they have to pay in U.S. dollars. This increases the demand for U.S. dollars, which shifts the demand curve for U.S. dollars rightward. However, the demand for South Korean won is not affected by this transaction, so the demand curve for South Korean won does not shift.

Hyundai Is a Large South Korean Company That Produces Finished