Solved

In the Market for British Pounds,if the Current Exchange Rate

Question 42

Multiple Choice

In the market for British pounds,if the current exchange rate is above the equilibrium rate,


A) there is an excess supply of pounds and those who hold pounds will be able to sell them and make a profit
B) there is an excess supply of pounds and the exchange rate will fall
C) there is an excess demand for pounds and suppliers will not be able to supply enough pounds to meet the demand
D) there is an excess demand for pounds and the exchange rate will rise
E) the quantity of pounds supplied is barely sufficient to meet the quantity demanded

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents