Why is demand curve for foreign exchange downward sloping

Reference no: EM131305178

Look again at Figure 8.3 on page 237 and answer the following questions.
a. Why is the demand curve for foreign exchange downward sloping?

b. Why is the supply curve for foreign exchange upward sloping?

c. Who would be interested in exchanging dollars for yen?

d. Who would be interested in exchanging yen for dollars?

Reference no: EM131305178

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