Which of the Following Statements Is True

question 45

Multiple Choice

Which of the following statements is true?

• A) Equilibrium occurs at the price at which the quantity of the currency demanded exactly equals the quantity supplied.
• B) When pounds become less expensive in relation to dollars, British products become less expensive for Americans to buy.
• C) According to a British buyer, the lower the dollar price of pounds, the greater the number of pounds that must be given up to obtain dollars to buy foreign goods.
• D) All of these

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