Multiple Choice
Suppose that the interest rate in Great Britain increases, while the interest rate in the United States remains constant.As a result,
A) the demand curve for pounds decreases, and the pound depreciates against the dollar.
B) the demand curve for pounds increases, and the pound depreciates against the dollar.
C) the demand curve for pounds increases, and the pound appreciates against the dollar.
D) the demand curve for pounds decreases, and the pound appreciates against the dollar.
Correct Answer:
Verified
Correct Answer:
Verified
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