Figure 15.2 Market for the British Pound

question 54

Multiple Choice

Figure 15.2
Market for the British Pound

-Refer to Figure 15.2.Suppose the demand for pounds increases from D0 to D1.Under a fixed exchange rate system,the U.S.exchange stabilization fund could maintain a fixed exchange rate of $0.80 per pound by:

• A) Selling pounds for dollars on the foreign exchange market
• B) Selling dollars for pounds on the foreign exchange market
• C) Decreasing U.S.exports,thus decreasing the supply of pounds
• D) Stimulating U.S.imports,thus increasing the demand for pounds

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Definitions:

Gauze Dressings

A common medical supply made of cotton or synthetic fibers used to protect wounds, absorb fluids, and prevent infection.

Sharps Disposal

The practice of safely disposing of needles, blades, and other medical instruments that can puncture or cut skin, to prevent injury and disease transmission.

Methicillin-Resistant Staphylococcus Aureus

A type of bacteria that is resistant to several antibiotics, including methicillin, making infections difficult to treat.

Contact Precautions

Infection control measures used in healthcare settings to prevent the spread of diseases through direct or indirect contact.