Consider the market for dollars against the British pound shown in Figure 19.1.From this graph,we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.

Question

Quizplus · Accepted Answer

From the graph, we can see that the exchange rate started at around 0.5 dollars per pound and increased to about 2.17 dollars per pound, indicating an increase in the dollar price of a British pound.

Consider the Market for Dollars Against the British Pound Shown