Suppose That the Exchange Rate Between British Pounds and U

question 113

Multiple Choice

Suppose that the exchange rate between British pounds and U.S. dollars is originally $2.50 per pound. If it then changes to $3 for 1 pound, the price of U.S. goods to British importers will:

• A)​rise.
• B)​fall.
• C)​stay the same.
• D)​change in an indeterminate direction.

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