The demand curve for British pounds slopes downward because as the dollar ______ British goods become ______ for Americans. Therefore, Americans purchase ______ British goods, and the quantity of pounds demanded increases.
a. appreciates against the pound; less expensive; more
b. appreciates against the pound; more expensive; fewer
c. depreciates against the pound; less expensive; more
d. depreciates against the pound; more expensive; more
a. appreciates against the pound; less expensive; more
You might also like to view...
Which of the following statements is CORRECT, assuming positive interest rates and holding other things constant?
A. Banks A and B offer the same nominal annual rate of interest, but A pays interest quarterly and B pays semiannually. Deposits in Bank B will provide the higher future value if you leave your funds on deposit. B. The present value of a 5-year, $250 annuity due will be lower than the PV of a similar ordinary annuity. C. A 30-year, $150,000 amortized mortgage will have larger monthly payments than an otherwise similar 20-year mortgage. D. A bank loan's nominal interest rate will always be equal to or greater than its effective annual rate. E. If an investment pays 10% interest, compounded quarterly, its effective annual rate will be greater than 10%.
Tone of voice can be a clue to identifying a customer's communication style
Indicate whether the statement is true or false
Lower the coefficient of variation, the greater the risk and therefore the higher the expected return
Indicate whether the statement is true or false
Bankruptcies are on the increase
Indicate whether the statement is true or false