1. The demand for U.S. exports tends to decrease when

Group of answer choices

economic growth in foreign countries increases.

the currencies of foreign countries strengthen against the dollar.

U.S. inflation rises.

the level of income in foreign countries increases.

none of the above.

2. [_] is not a bank characteristic important to customers in need of foreign exchange.

Group of answer choices

Size of loan department

Quote competitiveness

Advice about current market conditions

Forecasting advice

3. Assume that the inflation rate becomes much higher in the United States relative to Canada. This will place [_] pressure on the value of the Canadian dollar when holding other factors constant. Also, assume that Canadian interest rates begin to rise relative to U.S. interest rates. The change in interest rates will place [_] pressure on the value of the Canadian dollar, when holding other factors constant.

Group of answer choices

downward; downward

upward; upward

downward; upward

upward; downward