As the dollar's exchange value appreciates against the pound, U.S.residents tend to import more British goods and thus demand more pounds.

Name: As the dollar's exchange value appreciates against the pound, U.S.residents tend to import more British goods and thus demand more pounds.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

When the dollar appreciates against the pound, British goods become cheaper for U.S. residents, leading to an increase in imports and a higher demand for pounds to pay for those imports.

As the Dollar's Exchange Value Appreciates Against the Pound, U