Multiple Choice
You are staying in London over the summer and you have a number of dollars with you.If the dollar appreciates relative to the British pound,then other things the same,
A) the dollar would buy more pounds.The appreciation would discourage you from buying as many British goods and services.
B) the dollar would buy more pounds.The appreciation would encourage you to buy more British goods and services.
C) the dollar would buy fewer pounds.The appreciation would discourage you from buying as many British goods and services.
D) the dollar would buy fewer pounds.The appreciation would encourage you to buy more British goods and services.
Correct Answer:

Verified
Correct Answer:
Verified
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