Consider the Currency Market for British Pounds and U

question 89

Multiple Choice

Consider the currency market for British pounds and U.S. dollars. A decrease in the supply of British pounds results in

• A) an appreciation of the pound and a depreciation of the dollar.
• B) a depreciation of the pound and a depreciation of the dollar.
• C) an appreciation of the pound and an appreciation of the dollar.
• D) a depreciation of the pound and an appreciation of the dollar.

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