If There Is a Recession in the United Kingdom and a Reduction

question 148

Multiple Choice

If there is a recession in the United Kingdom and a reduction in British imports, and an economic boom in the United States and an increase in U.S. imports, then these events are most likely to
Cause the British pound to

• A) appreciate and the U.S. dollar to appreciate.
• B) depreciate and the U.S. dollar to depreciate.
• C) appreciate and the U.S. dollar to depreciate.
• D) depreciate and the U.S. dollar to appreciate.

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Definitions:

Duties

Responsibilities or obligations required by one's role, job, or by law.

Incorporation

The process of legally declaring a business as a corporation, allowing it to operate as a separate legal entity from its owners.

Sole Proprietorship

An individual carrying on business alone.

Partnership

When the ownership and responsibilities of a business are shared by two or more people with a view toward profit.