8 min read
This study guide covers the foreign exchange (FOREX) market, focusing on demand, supply, and equilibrium. It explains how these factors determine exchange rates and the impact of monetary policy on exchange rates. The guide also covers factors influencing currency appreciation/depreciation and includes practice questions and answers related to these concepts.
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Question 1 of 7
Ready to dive in? 🤿 What primarily drives the demand for a particular country's currency in the foreign exchange market?
The country's gold reserves
The desire to purchase goods/services or invest in that country
The country's population size
The number of tourists visiting the country