A drop in the dollar price of British pounds implies that:
A) fewer U.S.dollars are needed to buy British pounds.
B) more dollars are needed to buy British pounds.
C) the pound has appreciated.
D) the dollar has depreciated.
E) British goods are now more expensive to Americans.
Correct Answer:
Verified
Q43: The exchange rate is:
A)the price of foreign
Q44: If the exchange rate changes from 20
Q45: If the exchange rate changes from 1
Q46: If the dollar per pound exchange rate
Q47: The demand curve for euros shows:
A)a direct
Q49: As the price of foreign exchange decreases
Q50: If the U.S.dollar depreciates in the foreign
Q51: If the U.S.dollar appreciates in the foreign
Q52: If the U.S.dollar depreciates relative to the
Q53: The demand curve for foreign exchange:
A)slopes downward.
B)slopes
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