Multiple Choice
Suppose a student group from your university tours the United Kingdom. As they purchase English goods, their actions will
A) create a demand for dollars and a supply of English pounds in the foreign exchange market.
B) create a demand for English pounds and a supply of dollars in the foreign exchange market.
C) cause the U.S. dollar to appreciate.
D) cause the English pound to depreciate.
Correct Answer:

Verified
Correct Answer:
Verified
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