Question

The supply of foreign currency tends to be: Upward sloping Downward sloping Vertical Any of the...

  1. The supply of foreign currency tends to be:

    Upward sloping

    Downward sloping

    Vertical

    Any of the above

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Answer #1

Upward sloping.

The supply of foreign currency increases as exchange rate increases.The willingness to supply the foreign currency increases when the price of foreign currency increases.

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