If a British student pays her way to attend Harvard University, her actions will:

Question

Quizplus · Accepted Answer

When a British student pays her way to attend Harvard University, she will need to convert her pounds into dollars to pay for tuition, accommodation, and other expenses. This will create a supply of pounds in the foreign currency market and a demand for dollars, which will likely cause the pound to depreciate and the dollar to appreciate. Thus, choice B is the correct answer.

If a British Student Pays Her Way to Attend Harvard