The Figure Given Below Depicts the Foreign Exchange Market for British

question 64

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-If prices rise within a country, then, other things equal, the value of a unit of domestic currency will:

• A)rise in both the domestic and the foreign exchange markets.
• B)fall in both the domestic and the foreign exchange markets.
• C)rise in the domestic market and fall in the foreign exchange market.
• D)fall in the domestic market and rise in the foreign exchange market.
• E)fluctuate unpredictably in both domestic and foreign exchange markets.

---

Definitions:

Union Federation

An organization that represents multiple labor unions, coordinating their actions and policies at a regional, national, or international level.

Great Uprising

Refers to significant or notable revolts, rebellions, or movements, often related to worker or social uprising seeking rights or reforms.

Labor-Management Relations

The interactions between employees, often represented by unions, and employers, focusing on negotiating wages, work conditions, and other aspects of workers' compensation and rights.

1877

The year 1877 is significant in American history for the Great Railroad Strike, the first major rail strike and a turning point in US labor relations.