Use the graphs to answer questions
-Which graph illustrates the effects on the appropriate currency when there is an increase in U.S.citizens importing British tea?

Question

Use the graphs to answer questions 
-Which graph illustrates the effects on the appropriate currency when there is an increase in U.S.citizens importing British tea?

Quizplus · Accepted Answer

When U.S. citizens import more British tea, they need more British pounds to pay for it, increasing the demand for pounds and causing the U.S. dollar to depreciate against the pound. Graph A would show this effect.

Use the Graphs to Answer Questions