Figure 19.3 
-Suppose the above graph in Figure 19.3 represents the market for the British pound under the Bretton Woods System.If the par exchange rate was set at 2 United States dollars,and the situation persisted,
A) the currency would be overvalued.
B) there would need to be a revaluation of the currency.
C) the supply of pounds would be less than the demand for pounds.
D) the supply of pounds would be greater than the demand for pounds.
Correct Answer:
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