​An Increase in the US Demand for British Pounds Causes

question 59

Multiple Choice

​An increase in the US demand for British pounds causes

• A)​An appreciation of the pound
• B)Depreciation of the dollar
• C)None of the above
• D)​Both a and b

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Definitions:

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount that remains unpaid.

Honda Canada Finance

The financial service arm of Honda in Canada, offering financing options for purchasing Honda vehicles, including loans and leases.

Simple Interest

Interest calculated only on the original amount of money borrowed or invested, without compounding.

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