Figure 29-2
-Refer to Figure 29-2. Consider the market for U.S. Dollars against the British pound shown in the graph above. From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.
A) decreased; 0.46
B) increased; 2.17
C) decreased; 2.00
D) increased; 0.50

Question

Figure 29-2 
-Refer to Figure 29-2. Consider the market for U.S. Dollars against the British pound shown in the graph above. From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.
A) decreased; 0.46 
B) increased; 2.17 
C) decreased; 2.00 
D) increased; 0.50

Quizplus · Accepted Answer

The graph indicates that the dollar price of a British pound has increased to 2.17 dollars per pound.

Figure 29-2 -Refer to Figure 29-2. Consider the Market for U.S. Dollars