If One British Pound Originally Exchanges for One U

question 9

Multiple Choice

If one British pound originally exchanges for one U.S. dollar and then is revalued to exchange for two U.S. dollars, what should happen to U.S. net exports?

• A)Since the pound costs more, net exports will increase.
• B)Since the dollar costs more, net exports will increase.
• C)Since the dollar costs less, net exports will decrease.
• D)Since the dollar costs more, net exports will decrease.
• E)Since the dollar costs less, net exports will increase.

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