Multiple Choice
Consider the currency market for British pounds and U.S. dollars. An increase in the demand for British pounds results in
A) an appreciation of the pound and a depreciation of the dollar.
B) a depreciation of the pound and a depreciation of the dollar.
C) an appreciation of the pound and an appreciation of the dollar.
D) a depreciation of the pound and an appreciation of the dollar.
Correct Answer:
Verified
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