In the foreign exchange market for Canadian dollars, what does the law of demand for foreign exchange state?

Question

Accepted Answer

As the exchange rate rises, the quantity of Canadian dollars demanded decreases.

Answer

As the exchange rate falls, the supply of Canadian dollars increases.

Answer

As the exchange rate rises, the demand for Canadian dollars increases.

Answer

As the exchange rate rises, the supply of Canadian dollars increases.

Answer

As the exchange rate rises, the quantity of Canadian dollars demanded increases.

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