Figure 15.2
Market for the British Pound

-Refer to Figure 15.2.Suppose that the United States increases its imports from England.Under a floating exchange rate system,the new equilibrium exchange rate would be:
A) $0.40 per pound
B) $0.60 per pound
C) $0.80 per pound
D) $1.00 per pound

Question

Figure 15.2
Market for the British Pound
 
-Refer to Figure 15.2.Suppose that the United States increases its imports from England.Under a floating exchange rate system,the new equilibrium exchange rate would be:
A) $0.40 per pound 
B) $0.60 per pound 
C) $0.80 per pound 
D) $1.00 per pound

Quizplus · Accepted Answer

The Answer of Figure 15.2
Market for the British Pound
 
-Refer to Figure 15.2.Suppose that the United States increases its imports from England.Under a floating exchange rate system,the new equilibrium exchange rate would be:
A) $0.40 per pound 
B) $0.60 per pound 
C) $0.80 per pound 
D) $1.00 per pound

Figure 15.2 Market for the British Pound