If the British Pound (£)Appreciates by 10% Against the Dollar

question 14

Multiple Choice

If the British pound (£) appreciates by 10% against the dollar:

• A) both the US importers from Britain and US exporters to Britain will be helped by the appreciating pound.
• B) the US exporters will find it harder to sell to foreign customers in Britain.
• C) the US importer of British goods will tend to find that their cost of goods rises,hurting its bottom line.
• D) both US importers of British goods and exporters to Britain will be unaffected by changes in foreign exchange rates.
• E) all of the above.

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Definitions:

Chest Area

An anatomical region of the body encompassing the thorax, bounded by the neck, shoulders, abdomen, and back, housing vital organs such as the heart and lungs.

Pole Vault

A track and field event in which athletes use a long flexible pole as an aid to jump over a high bar.

Hips

Refers to the area around the pelvic bone, where the thigh bone (femur) connects to the pelvis.

Shoulders

The upper joint of the human arm and the part of the body between this joint and the neck.