The Figure Given Below Depicts the Foreign Exchange Market for British

question 123

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-When the U.S. dollar depreciates against other currencies:

• A)foreign goods become less expensive to U.S. buyers.
• B)U.S. goods become more expensive to foreign buyers.
• C)foreign currencies depreciate against the U.S. dollar.
• D)the volume of U.S. imports decline.
• E)the volume of U.S. exports decline.

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