Asked by Yulia Novikova on Jul 04, 2024
Verified
In the market for Canadian dollars measured in US dollars,the supply of Canadian dollars is
A) The demand for Canadian dollars
B) The demand for US Dollars
C) The supply of US dollars
D) None of the above
Supply
Refers to the total amount of a specific good or service that is available to consumers, which can vary based on the price level, production costs, and other factors.
- Discern the interrelationships between supply and demand dynamics in the currency exchange markets.
Verified Answer
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???????? ??????Jul 06, 2024
Final Answer :
B
Explanation :
The supply of Canadian dollars in the market, measured in US dollars, represents the demand for US dollars. This is because when individuals or entities supply Canadian dollars, they are typically doing so in exchange for US dollars, indicating a demand for the latter.
Learning Objectives
- Discern the interrelationships between supply and demand dynamics in the currency exchange markets.