Multiple Choice
The demand curve for British pounds slopes downward because as the dollar ______ British goods become ______ for Americans.Therefore, Americans purchase ______ British goods, and the quantity of pounds demanded decreases.
A) appreciates against the pound; more expensive; more
B) appreciates against the pound; more expensive; fewer
C) depreciates against the pound; more expensive; more
D) depreciates against the pound; more expensive; fewer
Correct Answer:

Verified
Correct Answer:
Verified
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