Question
If Colombians learn that American banks are dramatically lowering their interest rates, then the A. supply of Colombian Peso will increase. B. only the quantity
If Colombians learn that American banks are dramatically lowering their interest rates, then the
A. supply of Colombian Peso will increase.
B. only the quantity supplied of Colombian Peso will decrease.
C. supply of Colombian Peso will decrease.
D. quantity supplied of Colombian Peso will increase.
E. quantity demanded of Colombian Peso will decrease.
If American banks lower interest rates, Colombians will no longer invest in American banks so supply of Colombian Peso will decrease. So, is the correct answer C.? or is it D. only the Quantity supplied of Columbian Peso will decrease?
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