The Figure Given Below Depicts the Foreign Exchange Market for British

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-A permanent shift in the foreign exchange market supply and demand curves such that the fixed exchange rate is no longer an equilibrium rate is referred to as:

A) permanent devaluation.
B) speculative disequilibrium.
C) permanent revaluation.
D) speculative equilibrium.
E) fundamental disequilibrium.