Question

If the demand for dollars in the market for foreign-currency exchange shifts left, then the exchange rate

a. Rises and the quantity of dollars exchanged does not change.

b. Rises and the quantity of dollars exchanged rises.

c. Falls and the quantity of dollars exchanged does not change.

d. Falls and the quantity of dollars exchanged falls.

Answer 1

a. Rises and the quantity of dollars exchanged does not change.✔️✔️✔️

Answer 2

Explanation:

Rises and the quantity of dollars exchanged does not change.

b. Rises and the quantity of dollars exchanged rises.

c. Falls and the quantity of dollars exchanged does not change.