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Q. |
Given a system of floating Exchange rates, falling income in the United States would trigger: |
A. | An increase in the demand for imports and an increase in the demand for foreign currency |
B. | An increase in the demand for imports and a decrease in the demand for foreign currency |
C. | A decrease in the demand for imports and an increase in the demand for foreign currency |
D. | A decrease in the demand for imports and a decrease in the demand for foreign currency |
Answer» D. A decrease in the demand for imports and a decrease in the demand for foreign currency |
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