Q
Which of the following is not a reason why Joe Smith (an American) might participate as a demander in the foreign exchange market ?
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A
A. His desire to open a bank account in japan
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B
B. His desire to purchase an automobile produced domestically
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C
C. His desire to travel to europe
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D
D. His desire to purchase treasury bills issued by the british government
Correct Answer:
B. B. His desire to purchase an automobile produced domestically
