If the U.S. Demand for British Pounds Increases

question 17

Multiple Choice

If the U.S. demand for British pounds increases,

• A) the dollar price of a British pound will increase
• B) the dollar price of a British pound will decrease
• C) the exchange rate between dollars and pounds will be out of equilibrium
• D) the pound will fall in value against the dollar
• E) there will be no change in either the value of the dollar or the pound

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Definitions:

Consistency

The quality of always acting or behaving in the same way, leading to predictability in one's actions or responses.

Goal Setting

A process of identifying specific outcomes or achievements that an individual or organization aims to reach.

Complicated Tasks

Tasks that are intricate and complex, often requiring specific skills, detailed planning, and significant effort to complete.

Skills

Abilities or expertise developed through training or experience that enable an individual to perform tasks effectively.