-Referring to Figure 2

question 31

Multiple Choice

-Referring to Figure 2.2,an increase in the demand for British goods by the U.S.importers has led to pressure on the pound to appreciate against the dollar.If the Bank of England wants to maintain a peg of $2.0/pound,what currency should it sell and how much?

• A) Pounds, 1 billion
• B) Pounds, 2 billion
• C) Dollars, 1 billion
• D) Dollars, 2 billion

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Definitions:

Dry-Cleaning Chemicals

Dry-cleaning chemicals are solvents used in the dry-cleaning process to remove stains from fabrics without the use of water, commonly including perchloroethylene.

Vicarious Liability

The responsibility of one person or entity for the actions of another person, typically in an employer-employee relationship.

False Imprisonment

The unlawful restraint of a person's freedom of movement without legal justification.

Strict Liability

Legal responsibility for damages or injury even if the person found strictly liable was not at fault or negligent.