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When price of a foreign currency rises its supply _ rises.
- a)Sometimes
- b)does not always
- c)Can’t say
- d)Never
Correct answer is option 'B'. Can you explain this answer?
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When price of a foreign currency rises its supply _ rises.a)Sometimesb...
The statement "When the price of a foreign currency rises, its supply also rises" is not always rise. The relationship between the price and supply of a foreign currency is more complex and can vary depending on various factors. In general, the supply of a foreign currency is determined by the demand for that currency in the foreign exchange market. When the demand for a currency increases, its price tends to rise, and vice versa. This relationship is driven by factors such as interest rates, economic conditions, geopolitical events, and investor sentiment. However, an increase in the price of a currency does not automatically result in an increase in its supply. The supply of a currency is typically influenced by factors such as government policies, central bank interventions, and the balance of trade. These factors can impact the amount of currency available in the market, regardless of its price. Therefore, while there may be instances where an increase in the price of a foreign currency leads to an increase in its supply, it is not a universal relationship and can be influenced by various other factors.
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When price of a foreign currency rises its supply _ rises.a)Sometimesb...
When the price of foreign currency rises, this implies that the domestic goods have become cheaper for the foreign residents. This is because they can now buy more goods and services with same worth of foreign currency.
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When price of a foreign currency rises its supply _ rises.a)Sometimesb)does not alwaysc)Can’t sayd)NeverCorrect answer is option 'B'. Can you explain this answer?
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