If the U.S. interest rate falls relative to other countries' interest rates, then the exchange rate O a. rises only if it was the foreign interest rate that changed. O b. falls only if it was the U.S. interest rate that changed. O c. definitely rises. O d. definitely falls. е. does not change.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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If the U.S. interest rate falls relative to other countries' interest rates, then the exchange rate
O a. rises only if it was the foreign interest rate that changed.
O b. falls only if it was the U.S. interest rate that changed.
O c. definitely rises.
O d. definitely falls.
O e. does not change.
Transcribed Image Text:If the U.S. interest rate falls relative to other countries' interest rates, then the exchange rate O a. rises only if it was the foreign interest rate that changed. O b. falls only if it was the U.S. interest rate that changed. O c. definitely rises. O d. definitely falls. O e. does not change.
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