An Increase in the Dollar Price of the English Pound

question 229

Short Answer

An increase in the dollar price of the English pound will cause a __________________ in the pound price of the dollar.

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Definitions:

Business Trust

A legal arrangement where assets are managed by trustees for the benefit of the trust's beneficiaries, often used in business for tax and estate planning.

Assets

Resources owned or controlled by a business, individual, or entity which have value and can be used to meet debts, commitments, or legacies.

Profits

The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Misconduct

Improper or unethical behavior, often violating the rules or norms of a professional environment.