Assume That the Inflation Rate Becomes Much Higher in the United

question 63

Multiple Choice

Assume that the inflation rate becomes much higher in the United Kingdom relative to the United States. This will place ____ pressure on the value of the British pound. Also, assume that U.K. interest rates begin to rise relative to U.S. interest rates. The change in interest rates will place ____ pressure on the value of the British pound.​

• A) ​upward; downward
• B) ​upward; upward
• C) ​downward; upward
• D) ​downward; downward

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