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16. Figure 17 - 3 Dolan per Pound A Milions of Pounds Refer to Figure 17-3 above figure, where the current demand curve is D1.

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16. Figure 17 - 3 Dolan per Pound A Milions of Pounds Refer to Figure 17-3 above figure, where the current demand curve is D1. Suppose the interest rate in England drop relative to the interest rate in the United States. Which of the following would happen (1 mark) You scored 1/ 1 mark O The U.S. would move from point A to point B along D1- O The U.S. would move from point C to point B along D1- O The U.S. demand curve for British pounds would shift from D, to D; The U.S. demand curve for British pounds would shift from D, to D, O The U.S. would move from point A to point C along D1- GENERAL COMMENTS

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