Use the Figure Below to Answer the Following Question(s)

question 145

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 18-1
-Figure 18-1 illustrates supply and demand for U.S. dollars and British pounds in the foreign exchange market. If the dollar price of pounds is $1.20, which of the following is true?

• A)There is an excess supply of pounds, and the dollar price of pounds will rise.
• B)There is an excess demand for pounds, and the dollar price of pounds will rise.
• C)There is an excess supply of pounds, and the dollar price of pounds will fall.
• D)There is an excess demand for pounds, and the dollar price of pounds will fall.

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Definitions:

Positive View

An optimistic perspective that focuses on finding the good in situations and expecting positive outcomes.

Secure Attachment Style

A pattern of attachment characterized by trust in the availability and responsiveness of one's partner in close relationships, leading to positive expectations for support.

Relationships

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Dimensional Approach

A method of categorizing characteristics or conditions on a continuous spectrum rather than as distinct and separate entities.