For the statements below indicate if it is true or false. If the statement is false, rewrite it so that it is a true sta

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For the statements below indicate if it is true or false. If the
statement is false, rewrite it so that it is a true statement. Use
the space available to answer your question. 1. Foreign exchange
markets are markets in which people of one country exchange goods
with people from another country. TRUE/False: 2. When the actual
foreign exchange rate for the dollar is greater than the
equilibrium rate, the dollar is undervalued, meaning that it will
buy less in international trade than it will buy at home.
TRUE/False: 3. For any given interest rate, the shorter the time
period before the receipt of a dollar, the lower is its present
value. TRUE/False: 4. At 10 percent interest, the present value of
$1000 to be received in three years is $1,331 TRUE/False :