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If the US Dollar Appreciates by 10% Against the British Pound, but Pound

Question 132

Multiple Choice

If the U.S. dollar appreciates by 10% against the British pound, but during that same time Britain has a 15% inflation rate, then British wool sweaters will appear:


A) less expensive to American buyers.
B) less expensive to British buyers.
C) to have the same price to British buyers.
D) more expensive to American buyers.

Correct Answer:

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