APFIVE Determinants of Exchange Rates
All of the following statements about the determinants of exchange rates are true except:
A
If foreign consumers have a strong preference for U.S. goods, the increased demand for dollars may lead to its appreciation.
B
A domestic preference for foreign-produced goods leads to an appreciation of the domestic currency.
C
Speculation on expected future currency values can influence current exchange rate movements.
D
Rising foreign incomes can increase the demand for U.S. exports and thereby appreciate the U.S. dollar.
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