If the equilibrium exchange rate changes so that fewer dollars are required to buy a pound, then:
A)Canadians will buy fewer British goods and services.
B)the pound has appreciated in value.
C)fewer Canadian goods and services will be demanded by the British.
D)the dollar has depreciated in value.

Question

Quizplus · Accepted Answer

The Answer of If the equilibrium exchange rate changes so that fewer dollars are required to buy a pound, then:
A)Canadians will buy fewer British goods and services.
B)the pound has appreciated in value.
C)fewer Canadian goods and services will be demanded by the British.
D)the dollar has depreciated in value.

If the Equilibrium Exchange Rate Changes So That Fewer Dollars