As the price that must be paid in U.S. dollars for British pounds increases, the:

Name: As the price that must be paid in U.S. dollars for British pounds increases, the:
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

When the price of British pounds in terms of U.S. dollars increases, it becomes more expensive for holders of U.S. dollars to buy pounds, leading to a decrease in the quantity of pounds demanded by them. This is a movement along the demand curve, not a shift of the demand curve itself.

As the Price That Must Be Paid in U