Asked by jhepi bedania on Sep 24, 2024
Verified
In the market for Canadian dollars measured in US dollars,the demand for US dollars is
A) The supply of Canadian dollars
B) The demand for Canadian Dollars
C) The supply of US dollars
D) None of the above
Demand
The measure of products or services that consumers are inclined and have the financial capacity to buy at assorted prices during a designated interval.
- Determine the linkages between supply and demand in currency trading environments.
Verified Answer
TJ
Theresa Jones3 days ago
Final Answer :
A
Explanation :
The demand for US dollars in the market for Canadian dollars measured in US dollars is equivalent to the supply of Canadian dollars. This is because when individuals or entities demand US dollars, they supply Canadian dollars in exchange, and vice versa.
Learning Objectives
- Determine the linkages between supply and demand in currency trading environments.
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