When Michael from Ontario buys hockey tickets in Michigan to watch the Maple Leafs crush the Red Wings, the effect on the foreign exchange market is a(n)
A) increased supply of U.S. dollars.
B) increased demand for Canadian dollars.
C) increased supply of Canadian dollars.
D) decreased supply of U.S. dollars.
E) decreased demand for U.S. dollars.
Correct Answer:
Verified
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