Figure 15.2 Market for the British Pound
-Refer to Figure 15.2.Demand and supply of British Pounds is initially D₀ and S₀.With a system of floating exchange rates,the equilibrium exchange rate is:

Question

Figure 15.2 Market for the British Pound

-Refer to Figure 15.2.Demand and supply of British Pounds is initially D₀ and S₀.With a system of floating exchange rates,the equilibrium exchange rate is:

Quizplus · Accepted Answer

The Answer of Figure 15.2 Market for the British Pound -Refer to Figure 15.2.Demand and supply of British Pounds is initially D₀ and S₀.With a system of floating exchange rates,the equilibrium exchange rate is: A) $0.40 per pound B) $0.60 per pound C) $0.80 per pound D) $1.00 per pound