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a) What is the exchange rate in this graph? Note: Please round your answer to two decimal places. Exchange rate: 0 Dollars = 1 Pound
a) What is the exchange rate in this graph? Note: Please round your answer to two decimal places. Exchange rate: 0 Dollars = 1 Pound b) All else equal, if the demand for pounds decreases the dollar will neither appreciate or depreciate the pound will depreciate the pound will neither appreciate or depreciate the pound will appreciate c) Which of the following statements is true? If the supply of pounds decreases the pound will appreciate If the supply of pounds increases the pound will appreciate If the supply of pounds decreases the pound will depreciate If the supply of pounds increases the dollar will depreciate d) If the pound appreciates then the dollar depreciates relative to the pound the dollar neither appreciates or depreciates the dollar appreciates relative to the pound we are uncertain if the dollar will appreciate or depreciate
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