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The Graph Shows the Supply and Demand Curves for Dollars

Question 241

Multiple Choice

The graph shows the supply and demand curves for dollars in the pound/dollar market. Assume that D1 and S1 are the initial demand for and supply of dollars. The exchange rate will be A) $5 equals 1 pound. B) $4 equals 1 pound. C) $1 equals 5 pounds. D) $0.20 equals 1 pound. The graph shows the supply and demand curves for dollars in the pound/dollar market. Assume that D1 and S1 are the initial demand for and supply of dollars. The exchange rate will be


A) $5 equals 1 pound.
B) $4 equals 1 pound.
C) $1 equals 5 pounds.
D) $0.20 equals 1 pound.

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