Which of the following statements is true?
A) Equilibrium occurs at the price at which the quantity of the currency demanded exactly equals the quantity supplied.
B) When pounds become less expensive in relation to dollars, British products become less expensive for Americans to buy.
C) According to a British buyer, the lower the dollar price of pounds, the greater the number of pounds that must be given up to obtain dollars to buy foreign goods.
D) All of these
Correct Answer:
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