The Figure Given Below Depicts the Foreign Exchange Market for British

question 131

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S.dollars. Figure 22.2
- Refer to Figure 22.2.At the initial equilibrium point,with demand curve D and supply curve S₁:

• A)the price of dollar per British pound is $1.50 and the quantity of British pounds being traded is 225.
• B)the price of dollar per British pound is $1.60 and the quantity of British pounds being traded is 225.
• C)the price of dollar per British pound is $1.60 and the quantity of British pounds being traded is 300.
• D)the price of dollar per British pound is $1.75 and the quantity of British pounds being traded is 350.
• E)the price of dollar per British pound is $1.75 and the quantity of British pounds being traded is 300.

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Wet Acid Deposition

The process by which acidic pollutants in the atmosphere are removed and deposited on the earth's surface through precipitation, such as rain or snow.

Formaldehyde

A colorless, pungent gas used in building materials and household products, known for its preservative and antibacterial properties.

Primary Pollutants

Substances directly emitted into the environment that cause pollution in their original form without undergoing chemical changes.

Sulphuric Acid

A highly corrosive, dense, and oily liquid chemical used in various industrial processes, including fertilizer production and mineral extraction.