contestada

If there's a huge increase in the number of Americans travelling to Europe (say, for the Olympics), then the effect on the foreign exchange market is that the:

A. Demand for euros would increase
B. Supply of euros would increase
C. Demand for euros would decrease
D. Supply of euros would decrease

Respuesta :

Answer:

A. Demand for euros would increase

Explanation:

If there's a huge increase in the number of Americans travelling to Europe, the demand for euros would increase. Euros is the currency spent in Europe. Americans would need to change their dollars for euro. This would increase the demand for euro and the supply of dollars. The value of euros would increase.

I hope my answer helps you.

Otras preguntas