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Refer to the Diagram Below

Question 61

Multiple Choice

Refer to the diagram below.Assume the initial demand for and supply of dollars are shown by D1 and S1.The exchange rate will be: Refer to the diagram below.Assume the initial demand for and supply of dollars are shown by D<sub>1</sub> and S<sub>1</sub>.The exchange rate will be: A) $1 equals 5 British pounds. B) $4 equals 1 British pound. C) $5 equals 1 British pound. D) JQ<sub>3</sub> British pounds per dollar.


A) $1 equals 5 British pounds.
B) $4 equals 1 British pound.
C) $5 equals 1 British pound.
D) JQ3 British pounds per dollar.

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