If the Inflation Rate in the United States Is Greater

question 25

Multiple Choice

If the inflation rate in the United States is greater than the inflation rate in Britain,other things held constant,the British pound will

• A) appreciate against the U.S.dollar.
• B) depreciate against the U.S.dollar.
• C) remain unchanged against the U.S.dollar.
• D) appreciate against other major currencies.
• E) appreciate against the dollar and other major currencies.

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Definitions:

High Power Distance

A cultural dimension where there is acceptance of unequal power distribution within societies or organizations.

Power Distance

This concept refers to the extent to which less powerful members of institutions and organizations expect and accept that power is distributed unequally.

Venezuela

A country located on the northern coast of South America, known for its significant oil resources, rich cultural history, and recent socio-political issues.

Humane Orientation

A value or perspective that emphasizes compassion, caring, and concern for the well-being of others.