Question

Which way does the demand curve for domestic currency slope?

Upward, because demand for dollars increases as the exchange rate falls
Upward, because demand for dollars decreases as the exchange rate falls
Downward, because demand for dollars increases as the exchange rate falls
Downward, because demand for dollars decreases as the exchange rate falls

Answer 1

Upward, because demand for dollars decreases as the exchange rate falls

Answer 2

wow these are hard where u end up finding that

Answer 3

I used intuition that people wants to buy current that is gaining in value, not losing value