The demand curve for British pounds (in terms of U.S. dollars) is ________.
A. downward-sloping because a higher dollar price of pounds means British goods are cheaper to Americans
B. downward-sloping because a lower dollar price of pounds means British goods are more expensive to Americans
C. downward-sloping because a lower dollar price of pounds means British goods are cheaper to Americans
D. upward-sloping because a lower dollar price of pounds means British goods are cheaper to Americans
Answer: C
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