Figure 30-7 -Refer to Figure 30-7.Under the Bretton Woods System of Exchange

question 91

Multiple Choice

Figure 30-7

-Refer to Figure 30-7.Under the Bretton Woods System of exchange rates,if the par exchange rate was $2 per pound in the figure above,and equilibrium persisted at $3,then a revaluation of the currency would have

• A) increased the price of British exports to the United States.
• B) increased the price of imports to Britain.
• C) led to a current account surplus.
• D) led to a balance of trade surplus.

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