When the demand for foreign exchange exceeds its supply, ...
When the demand for foreign exchange exceeds its supply, the value of the domestic currency?
Appreciates
Depreciates
remains unchanged
Expands
Correct answer is B
if the demand for a foreign currency exceeds its supply, the exchange rate will increase rate will increase. This will cause the local currency to suffer. because more of the local currency will be used to exchange for less of the foreign currency.
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Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income? ...
The long-run equilibrium price and quantity for the firm are respectively ...
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Trade takes place because of ...
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All the following are problems identified with agriculture in West Africa except ...