Multiple Choice
If a financial portfolio manager in the U.S. buys British company stocks in the London Stock Exchange, this would involve
A) a demand for British pounds in the foreign exchange market.
B) a supply of British pounds in the foreign exchange market.
C) no effect on the demand for British pounds in the foreign exchange market.
D) a demand for U.S. dollars in the foreign exchange market.
Correct Answer:
Verified
Correct Answer:
Verified
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