Exhibit 18-4 Dollars per British pound
-In Exhibit 18-4,when the exchange rate is 3 dollars per pound:
A) there is an excess supply of 110 pounds.
B) there is an excess demand of 110 pounds.
C) there is an excess supply of 110 dollars.
D) there is an excess demand of 110 dollars.
E) the market is in equilibrium.
Correct Answer:
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