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:

Probability

A numerical value between 0 and 1 that signifies the probability of an event happening.

King of Spades

A playing card in the standard deck, ranking as the highest card in the suit of Spades.

Ace of Hearts

The Ace of Hearts is a playing card in the heart suit, often symbolizing love or the beginning of new emotions and experiences in cartomancy.

Probability

This refers to the likelihood or chance of a particular event happening, usually expressed as a number between 0 (impossible) and 1 (certain).