Solved

If the British Pound (£)Appreciates by 10% Against the Dollar

Question 14

Multiple Choice

If the British pound (£) appreciates by 10% against the dollar:


A) both the US importers from Britain and US exporters to Britain will be helped by the appreciating pound.
B) the US exporters will find it harder to sell to foreign customers in Britain.
C) the US importer of British goods will tend to find that their cost of goods rises,hurting its bottom line.
D) both US importers of British goods and exporters to Britain will be unaffected by changes in foreign exchange rates.
E) all of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions