Which of the Following Would Occur If the Interest Rate

question 47

Multiple Choice

Which of the following would occur if the interest rate in the United States rose relative to that in the UK,and before this increase the dollar was in an exchange rate equilibrium with the sterling?

• A)The United States will now demand fewer imports
• B)The UK will now demand fewer pounds
• C)The UK will supply more pounds to the US.
• D)The UK will supply more pounds to the US

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Definitions:

Defendant

A person or entity against whom a lawsuit is filed in a court of law.

Summons

A legal document issued by a court and addressed to a defendant that notifies him or her of a lawsuit and specifies how and when to respond to the complaint. A summons may be used in both civil and criminal proceedings.

Service Document

A legal document or form that is served to parties involved in a legal process or transaction, indicating compliance with certain legal procedures or steps.

Ripeness

A measure of the readiness of a case for a decision to be made; designed to prevent premature litigation for a dispute that is insufficiently developed. A claim is not ripe for litigation if it rests on contingent future events that may not occur as anticipated or may not occur at all.