Consider the market in which Canadian dollars are exchanged for British pounds. An increased preference of Canadian consumers for British goods would
A) shift the demand- for- pounds curve to the left and lead to a fall in the exchange rate.
B) lead to a temporary excess supply of British pounds on the international currency market.
C) shift the supply- of- pounds curve to the left and lead to a rise in the exchange rate.
D) shift the supply- of- pounds curve to the right and lead to a fall in the exchange rate.
E) shift the demand- for- pounds curve to the right and lead to a rise in the exchange rate.
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