Explain why the supply curve for foreign currency is vertical. Lets say you return from a trip

Question:

Explain why the supply curve for foreign currency is vertical. Let’s say you return from a trip to Mexico with 1,000 pesos. If you decide to exchange these pesos for dollars, does your action shift the supply of pesos?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Economics

ISBN: 9780393623819

2nd Edition

Authors: Lee Coppock, Dirk Mateer

Question Posted: