To Force the Value of the Pound to Appreciate Against

question 85

Multiple Choice

To force the value of the pound to appreciate against the dollar, the Federal Reserve should:​

• A) ​sell dollars for pounds in the foreign exchange market and the European Central Bank (ECB) should sell dollars for pounds in the foreign exchange market.
• B) ​sell pounds for dollars in the foreign exchange market and the European Central Bank (ECB) should sell dollars for pounds in the foreign exchange market.
• C) ​sell pounds for dollars in the foreign exchange market and the European Central Bank (ECB) should not intervene.
• D) ​sell dollars for pounds in the foreign exchange market and the European Central Bank (ECB) should sell pounds for dollars in the foreign exchange market.

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Definitions:

Assignment

(1) A contracting party’s (an assignor’s) transfer of his or her rights to the contract to a third party (an assignee). (2) A transfer of a tenant’s entire interest in a leased property.

Covenant of Quiet Enjoyment

A lease promise that the tenant will have peaceful and undisturbed use of the property, without interference from the landlord or others with superior title.

Constructive Eviction

An action by a landlord that significantly interferes with or diminishes the use of a property by a tenant, which leads to the tenant being effectively forced to leave.

Essential Services

Essential Services are basic services that are deemed necessary for the wellbeing of the community, such as water, electricity, and medical care.