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FIGURE 34-2 -Refer to Figure 34-2.If the Exchange Rate Is E₂,there Is

Question 90

Multiple Choice

FIGURE 34-2 -Refer to Figure 34-2.If the exchange rate is e<sub>2</sub>,there is A) a surplus of foreign exchange. B) a surplus of Canadian dollars. C) pressure on the Canadian dollar to appreciate. D) pressure on the exchange rate to fall. E) a shortage of Canadian dollars. FIGURE 34-2
-Refer to Figure 34-2.If the exchange rate is e₂,there is

A) a surplus of foreign exchange.
B) a surplus of Canadian dollars.
C) pressure on the Canadian dollar to appreciate.
D) pressure on the exchange rate to fall.
E) a shortage of Canadian dollars.

Correct Answer: