Question
On a foreign exchange diagram of the equilibrium exchange rate, there is equilibrium at AUD 0.94 per USD. At AUD0.97, there would be excess _____
On a foreign exchange diagram of the equilibrium exchange rate, there is equilibrium at AUD 0.94 per USD. At AUD0.97, there would be excess _____ the dollar and the dollar would _____ in the return to equilibrium.
Select one:
a.demand for, appreciate
b.supply of, depreciate
c.supply of, appreciate
d.demand for, depreciate
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International Business Law and Its Environment
Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge
9th edition
1285427041, 978-1285427041
