A Drop in the Dollar Price of British Pounds Implies

question 27

Multiple Choice

A drop in the dollar price of British pounds implies that:

• A)fewer U.S.dollars are needed to buy British pounds.
• B)more dollars are needed to buy British pounds.
• C)the pound has appreciated.
• D)the dollar has depreciated.
• E)British goods are now more expensive to Americans.

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Definitions:

Consistent Tendencies

Regular patterns or habits in behavior or thought that remain stable over time.

Big Five Model

A personality framework that delineates five broad dimensions of human personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Conscientiousness

A personality trait characterized by organization, dependability, efficiency, and a strong sense of duty.

Extraversion

A personality trait characterized by outgoingness, high energy, and the enjoyment of being around other people.