Question
Which of the following statements is correct? Group of answer choices It is correct to say that if the value of the pound has risen
Which of the following statements is correct?
Group of answer choices
It is correct to say that if the value of the pound has risen against the dollar, the goods and services priced in pounds are now cheaper to someone holding dollars.
Foreign exchange equilibrium occurs at the price at which the quantity of the currency demanded exactly equals the quantity supplied.
All the answers are correct.
A Eurodollar is defined as a U.S. dollar deposited in a bank in the United States.
When the British pounds become more expensive in relation to dollars, British products become less expensive for Americans to buy.
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