Figure 15.2 Market for the British Pound

question 52

Multiple Choice

Figure 15.2 Market for the British Pound
-Refer to Figure 15.2.Demand and supply of British Pounds is initially D₀ and S₀.With a system of floating exchange rates,the equilibrium exchange rate is:

• A) $0.40 per pound
• B) $0.60 per pound
• C) $0.80 per pound
• D) $1.00 per pound

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Junior Subsidiary

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Parallel Payments

Transactions where payment is made through duplicating payment streams, allowing for simultaneous settlements in different currencies or systems.

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