Figure 19-10 -Refer to Figure 19-10.Under the Bretton Woods System of Exchange

question 59

Multiple Choice

Figure 19-10
-Refer to Figure 19-10.Under the Bretton Woods System of exchange rates,if the par exchange rate was $4 per pound in the figure above,then which of the following is true?

• A)The Bank of England would have to buy 0.7 million pounds per day with dollars.
• B)There is a shortage of pounds equal to 0.7 million.
• C)The Bank of England would have to sell 0.7 million pounds per day in exchange for dollars.
• D)The par exchange rate is below the equilibrium rate,causing a shortage of domestic currency.

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Scientists who study the role of genetic and environmental influences on behavior.

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