Use the Graph Below to Answer Questions 9-11

question 4

Multiple Choice

Use the graph below to answer questions 9-11.
Figure 2.3:
-Refer to Figure 2.3.Suppose that the U.K agreed to peg its currency against the U.S.dollar at $2.00 per pound during the Bretton Woods system.Assume that the U.S.increases its imports from the U.K.As a result,the Bank of England would have to:

• A) let the British pound appreciates
• B) let the British pound depreciates
• C) sell pounds and buy dollars in foreign exchange market.
• D) sell dollars and buy pounds in foreign exchange market.

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Definitions:

Equated

To consider one thing to be the same as or equivalent to another.

Church

An institution that brings together a moral community of believers in formal worship and integrates itself within the larger secular world.

Social Cohesion

The bonds and mutual trust that bring members of a society together, enabling them to cooperate and live harmoniously.

Dysfunctional

Referring to something that is not operating normally or effectively, especially in the context of social institutions or processes.