Refer to the information provided in Figure 34.3 below to answer the question(s) that follow. Figure 34.3
-Refer to Figure 34.3. If the British income decreases, the supply of pounds will

Question

Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.  Figure 34.3
-Refer to Figure 34.3. If the British income decreases, the supply of pounds will

Quizplus · Accepted Answer

If British income decreases, British consumers will have less money to spend on foreign goods, reducing the supply of pounds in the foreign exchange market as they buy fewer foreign currencies.

Refer to the Information Provided in Figure 34