Primary Sources of Demand for British Pounds in the Foreign

question 33

Multiple Choice

Primary sources of demand for British pounds in the foreign exchange market include

• A)foreign buyers of British exports who must pay for their purchases in pounds
• B)foreign investors who desire to make investments in physical or financial assets in Great Britain
• C)speculators who expect British pounds to increase in value relative to other currencies
• D)all of these answers are correct

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Definitions:

Cultural Diversity

Refers to the variety of cultural or ethnic groups within a society, embracing their differences in race, language, religion, traditions, and expressions.

Technological Development

The process of research, innovation, and application of technology or techniques to improve products, processes, or services.

European Union

A political and economic union of 27 European countries that are tied by a common market and numerous regulatory measures.

Ethnoculturalism

The advocacy or emphasis on the distinct characteristics and significance of a particular ethnicity or culture within a society.