Exhibit 18-4 Dollars Per British Pound

question 41

Multiple Choice

Exhibit 18-4 Dollars per British pound

-In Exhibit 18-4,when the exchange rate is 5 dollars per pound:

• A)there is an excess supply of 400 pounds.
• B)there is an excess demand of 400 pounds.
• C)there is an excess supply of 400 dollars.
• D)there is an excess demand of 400 dollars.
• E)the market is in equilibrium.

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Definitions:

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