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-In Exhibit FF-6, Considering Only the U

Question 66

Multiple Choice

-In Exhibit FF-6, considering only the U.S. and Great Britain, if the exchange rate of dollars per British pound is fixed at 1.70, there would be a A) surplus of dollars on the foreign exchange market B) shortage of dollars on the foreign exchange market C) shortage of marks on the foreign exchange market D) trade deficit in Great Britain E) trade surplus in the United States
-In Exhibit FF-6, considering only the U.S. and Great Britain, if the exchange rate of dollars per British pound is fixed at 1.70, there would be a


A) surplus of dollars on the foreign exchange market
B) shortage of dollars on the foreign exchange market
C) shortage of marks on the foreign exchange market
D) trade deficit in Great Britain
E) trade surplus in the United States

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