If the U.S.demand for British Pounds Increases,then:​

question 6

Multiple Choice

If the U.S.demand for British pounds increases,then:​

• A)the dollar price of British pounds will increase.
• B)the dollar price of British pounds will decrease.
• C)the exchange rate between dollars and pounds will be less than the equilibrium exchange rate.
• D)the pound will fall in value vis-à-vis the dollar.
• E)there will be no change in either the value of the dollar or the pound.

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Definitions:

Retained Earnings

Funds that a company has decided to keep for reinvestment or other purposes instead of distributing as dividends.

Deficit

A financial situation where expenses exceed revenues, resulting in a negative balance.

Statement Of Cash Flows

A financial statement summarizing the total cash earnings from a company's operational activities and external investments, alongside the outlays for operational expenses and investment costs within a specific timeframe.