If newspaper headlines detailed an increased American interest in British goods,which of the following would we expect to observe in the market for pounds?
A) An increase in supply,a depreciation of the pound,and a larger number of pounds traded
B) An increase in demand,a depreciation of the pound,and a smaller number of pounds traded
C) An increase in demand,an appreciation of the pound,and a larger number of pounds traded
D) A decrease in demand,a depreciation of the pound,and a smaller number of pounds traded
E) A decrease in supply,an appreciation of the pound,and a smaller number of pounds traded.
Correct Answer:
Verified
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