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

question 178

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Figure 19-10 Figure 19-10   -Refer to Figure 19-10.Under the Bretton Woods System of exchange rates,if the par exchange rate was $2 per pound in the figure above,and equilibrium persisted at $3,then a revaluation of the currency would have A) increased the price of British exports to the United States. B) increased the price of imports to Britain. C) led to a current account surplus. D) led to a balance of trade surplus.
-Refer to Figure 19-10.Under the Bretton Woods System of exchange rates,if the par exchange rate was $2 per pound in the figure above,and equilibrium persisted at $3,then a revaluation of the currency would have


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