All else being equal, the greater the demand for a currency, the lower its price; the lower the demand for a currency, the higher its price.

Name: All else being equal, the greater the demand for a currency, the lower its price; the lower the demand for a currency, the higher its price.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

The statement is actually the opposite of the true relationship between demand and price. The greater the demand for a currency, the higher its price, and the lower the demand for a currency, the lower its price.

All Else Being Equal, the Greater the Demand for a Currency