If there is a recession in the United Kingdom and a reduction in British imports, and an economic boom in the United States and an increase in U.S. imports, then these events are most likely to cause the British pound to:
A) Appreciate and the U.S. dollar to appreciate
B) Depreciate and the U.S. dollar to depreciate
C) Appreciate and the U.S. dollar to depreciate
D) Depreciate and the U.S. dollar to appreciate
Correct Answer:
Verified
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