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Figure 15.2 Market for the British Pound

Question 92

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Figure 15.2
Market for the British Pound
Figure 15.2 Market for the British Pound -Refer to Figure 15.2.Demand and supply of British Pounds is initially D0 and S0.With a system of floating exchange rates,the equilibrium exchange rate is: A) $0.40 per pound B) $0.60 per pound C) $0.80 per pound D) $1.00 per pound
-Refer to Figure 15.2.Demand and supply of British Pounds is initially D0 and S0.With a system of floating exchange rates,the equilibrium exchange rate is:


A) $0.40 per pound
B) $0.60 per pound
C) $0.80 per pound
D) $1.00 per pound

Correct Answer:

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