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The Figure Given Below Depicts the Foreign Exchange Market for British

Question 23

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The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2
The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2    -Demand for U.S. dollars by speculators is likely to increase if the dollar is expected to depreciate in the near future.
-Demand for U.S. dollars by speculators is likely to increase if the dollar is expected to depreciate in the near future.

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