Refer to the Diagram Below

question 61

Multiple Choice

Refer to the diagram below.Assume the initial demand for and supply of dollars are shown by D₁ and S₁.The exchange rate will be:

• A)$1 equals 5 British pounds.
• B)$4 equals 1 British pound.
• C)$5 equals 1 British pound.
• D)JQ₃ British pounds per dollar.

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The act of following or being in compliance with rules, guidelines, or instructions.

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