The demand curve for foreign currency slopes downward because as the exchange rate __________ the quantity demanded __________.
A. Increases; decreases
B. Increases; increases
C. Decreases; decreases
D. Decreases; stays fixed
Answer:A
The demand curve for foreign currency slopes downward because as the exchange rate __________ the quantity demanded __________.
A. Increases; decreases B. Increases; increases C. Decreases; decreases D. Decreases; stays fixed