Under a system of floating exchange rates, if the quantity of pounds demanded exceeds the quantity of pounds supplied
A) the government will always increase the supply of money to eliminate this excess demand.
B) the price of a pound will not change.
C) the price of a pound will decrease.
D) the price of a pound will increase.
Correct Answer:
Verified
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Q9: Which of the following statements is correct?
A)
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Q15: Under a system of floating exchange rates,
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