Without intervention, the supply of foreign exchange quickly shifted to the ____, and _____ of domestic currencies was rapid.
A) left, appreciation
B) left, depreciation
C) right, appreciation
D) right, depreciation
E) none of the above

Question

Quizplus · Accepted Answer

If the supply of foreign exchange shifts to the left, this means there is less foreign exchange available, which would result in a depreciation of domestic currencies. Therefore, the correct answer is B) left, depreciation.

Without Intervention, the Supply of Foreign Exchange Quickly Shifted to the ____