Which of the following is a reason why an American would demand British pounds?
A) To purchase British real estate
B) To purchase Japanese semiconductors
C) To purchase French government bonds
D) To purchase stocks on the New York Stock Exchange
E) To purchase a ticket to see a British film in the U.S.

Question

Quizplus · Accepted Answer

An American would demand British pounds to purchase British real estate because the transaction would require the use of the local currency, which is the British pound.

Which of the Following Is a Reason Why an American