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