Given a system of floating Exchange rates, falling income in the United States would trigger:

Ram Sharma • 193.84K Points
Coach Economic

Q. Given a system of floating Exchange rates, falling income in the United States would trigger:

(A) An increase in the demand for imports and an increase in the demand for foreign currency
(B) An increase in the demand for imports and a decrease in the demand for foreign currency
(C) A decrease in the demand for imports and an increase in the demand for foreign currency
(D) A decrease in the demand for imports and a decrease in the demand for foreign currency

Correct Answer - Option(D)

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