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The Figure Given Below Depicts the Foreign Exchange Market for British

question 73

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The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2
The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2    -When the domestic currency depreciates, domestic goods become more expensive to foreign buyers.
-When the domestic currency depreciates, domestic goods become more expensive to foreign buyers.

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