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Figure 19-11 -Refer to Figure 19-11.The Graph Above Depicts Supply and Demand

Question 87

Multiple Choice

Figure 19-11 Figure 19-11 -Refer to Figure 19-11.The graph above depicts supply and demand for British pounds during a trading day.At a fixed exchange rate of $2.00 per pound,the pound is ________ versus the dollar.A ________ of the pound would correct the fundamental disequilibrium that exists in this market. A) undervalued; devaluation B) undervalued; revaluation C) overvalued; revaluation D) overvalued; devaluation
-Refer to Figure 19-11.The graph above depicts supply and demand for British pounds during a trading day.At a fixed exchange rate of $2.00 per pound,the pound is ________ versus the dollar.A ________ of the pound would correct the fundamental disequilibrium that exists in this market.


A) undervalued; devaluation
B) undervalued; revaluation
C) overvalued; revaluation
D) overvalued; devaluation

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