Suppose the United States and Canada were the only two countries in the world.There is an excess supply of U.S.dollars on the foreign-exchange market.This implies that

Name: Suppose the United States and Canada were the only two countries in the world.There is an excess supply of U.S.dollars on the foreign-exchange market.This implies that
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An excess supply of U.S. dollars implies that the demand for U.S. dollars is lower than the supply, indicating that the U.S. dollar is overvalued.

Suppose the United States and Canada Were the Only Two