Assume That the Income Levels in U

Multiple Choice

Assume that the income levels in U.K. start to rise, while U.S. income levels remain unchanged. This will place ____ pressure on the value of British pound. Also, assume that U.S. interest rates rise, while the British pound remains unchanged. This will place ____ pressure on the value of British pound.

A) downward; downward
B) upward; downward
C) upward; upward
D) downward; upward