The Figure Given Below Depicts the Foreign Exchange Market for British

question 27

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-What is the interest rate on a 12-month U.K. certificate of deposit if the dollar return on the certificate is 4 percent and the dollar has appreciated 9 percent against the British pound?

• A)15 percent
• B)13 percent
• C)9 percent
• D)5 percent
• E)4 percent

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Definitions:

Hearing Impairment

A partial or total inability to hear sound in one or both ears.

Electronic Device

A device that operates on electricity, typically using semiconductors and electronic circuits to perform its function.

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.

Fovea

Refers to a small depression in the retina of the eye where visual acuity is highest, responsible for sharp central vision.