Supply of foreign exchange is positively related to the price of foreign exchange. (True/ False)
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True.
Expianation:
In the international money market, supply extends when the rate of exchange rises, and it contracts when the rate of exchange falls as indicated by an upward sloping supply curve of foreign exchange.
Expianation:
In the international money market, supply extends when the rate of exchange rises, and it contracts when the rate of exchange falls as indicated by an upward sloping supply curve of foreign exchange.
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