Asked by Victoria Papanikolaou on Sep 24, 2024
Verified
In the market for Canadian dollars measured in US dollars,the supply of US dollars is
A) The supply of Canadian dollars
B) The demand for Canadian Dollars
C) The demand for US dollars
D) None of the above
Supply
The total amount of a product or service available for purchase at any specified price.
- Identify the relationships between supply and demand in currency markets.
Verified Answer
MS
Madusha Suranga6 days ago
Final Answer :
B
Explanation :
The supply of US dollars in the market for Canadian dollars measured in US dollars is equivalent to the demand for Canadian dollars. This is because when individuals or entities demand Canadian dollars, they supply US dollars to the market in exchange for Canadian dollars.
Learning Objectives
- Identify the relationships between supply and demand in currency markets.
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