Which of the following statements is true?1. The supply curve for sterling on the foreign exchange markets must slope upwards to the right.2. The demand curve for sterling on the foreign exchange...

Which of the following statements is true?1. The supply curve for sterling on the foreign exchange markets must slope upwards to the right.2. The demand curve for sterling on the foreign exchange markets must slope downwards to the right.a)Both 1 and 2b)1 onlyc)2 onlyd) Neither 1 nor 2