All Else Equal, a Depreciation of the British Pound Relative

question 169

Multiple Choice

All else equal, a depreciation of the British pound relative to currencies such as the euro and the Canadian dollar should ________ British exports and ________ imports to Great Britain.

• A)increase; increase
• B)increase; decrease
• C)decrease; increase
• D)decrease; decrease

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Definitions:

Proxy

A document authorizing a person to vote on another's behalf during corporate meetings or a computer server acting as an intermediary for requests from clients.

Straight Voting

A voting system in corporate elections where shareholders must vote for directors individually, rather than as a slate, often limiting the influence of minority shareholders.

Classes of Common Stock

Different types of equity shares issued by a company, each with specific rights, privileges, or voting powers.

Voting Rights

The rights of shareholders to vote on company matters, typically exercised at shareholder meetings.