In the Market for British Pounds,if the Current Exchange Rate

question 135

Multiple Choice

In the market for British pounds,if the current exchange rate is above the equilibrium rate,

• A) there is an excess supply of pounds and those who hold pounds will be able to sell them and make a profit
• B) there is an excess supply of pounds and the exchange rate will fall
• C) there is an excess demand for pounds and suppliers will not be able to supply enough pounds to meet the demand
• D) there is an excess demand for pounds and the exchange rate will rise
• E) the quantity of pounds supplied is barely sufficient to meet the quantity demanded

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