If the Exchange Rate Has Been $1

question 222

Multiple Choice

If the exchange rate has been $1.50 per British pound but now falls to $1.25 per British pound, there will be

• A)more U.S.imports from Great Britain because the price of pounds has fallen
• B)more exports to Great Britain because the price of pounds has risen
• C)fewer exports to Great Britain because the price of the pound has risen
• D)more U.S.exports to Great Britain since the price of the dollar has fallen
• E)no change in either exports or imports

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