Which of the following is not a reason why Joe Smith (an American) might participate as a demander in the foreign exchange market ?

A. his desire to open a bank account in Japan
B. his desire to purchase an automobile produced domestically
C. his desire to travel to Europe
D. his desire to purchase Treasury bills issued by the British government

Correct Answer: his desire to purchase an automobile produced domestically ✔

Last Updated: June 11, 2019