A downward-sloping demand curve for Korean won in terms of Canadian dollars indicates that the higher the dollar price of Korean won, the more won will be demanded.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which of the following would cause a decrease in the exchange value of the U.S. dollar?
a. A decrease in the amount of foreign debt purchased by U.S. citizens
b. An increase in U.S. exports
c. An increase in U.S. imports
d. Increased demand by foreigners to buy U.S. government securities
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Economic recession in 2008 saw a small decrease in demand