Table 11.2.Supply and Demand of British Pounds

-Refer to Table 11.2.The equilibrium exchange rate equals:

Name: Table 11.2.Supply and Demand of British Pounds -Refer to Table 11.2.The equilibrium exchange rate equals:
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Question

Table 11.2.Supply and Demand of British Pounds
 
-Refer to Table 11.2.The equilibrium exchange rate equals:

Quizplus · Accepted Answer

The equilibrium exchange rate is determined where the quantity of pounds demanded equals the quantity of pounds supplied. Based on the options provided, $1.60 per pound is the correct equilibrium rate.