If a British student pays her way to attend Harvard University, her action will:

Name: If a British student pays her way to attend Harvard University, her action will:
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Question

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When a British student pays to attend Harvard University, she needs to convert her pounds into dollars to pay for the tuition fees. This creates a supply of pounds and a demand for dollars in the foreign currency market. As a result, the exchange rate of the British pound will fall while the exchange rate of the U.S. dollar will rise.

If a British Student Pays Her Way to Attend Harvard