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    Macroeconomics Study Set 68
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    Exam 21: The Balance of Payments, Exchange Rates, and Trade Deficits
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    If the Price of British Pounds, Measured in Terms of U.S
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If the Price of British Pounds, Measured in Terms of U.S

Question 207

Question 207

True/False

If the price of British pounds, measured in terms of U.S. dollars, is rising, then the price of U.S.
dollars, measured in terms of British pounds, is also rising.

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