• 2022-06-15
    If the pound’s value is high, British ______ will spend their money abroad because the pound will buy them more.(invest)
  • investors

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      How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.25 dollars per one British pound?

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      When the<br/>value of the British pound changes from $1.25 to $1.50, the pound has<br/>____and the U.S. dollar has _____ . A: appreciated;<br/>appreciated B: depreciated;<br/>appreciated C: appreciated;<br/>depreciated D: depreciated;<br/>depreciated

    • 2

      The paradox of value is illustrated by the fact that A: a pound of bread is cheaper than a pound of gold. B: teens buy designer jeans. C: if diamonds were free they would no longer be useful for engagement rings. D: gold and diamonds occupy little space.

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      If the Fed wants to depreciate the U.S. dollar against the British pound, it will ________. A: sell foreign exchange B: decrease the money supply C: sell British pounds D: sell U.S. dollars

    • 4

      The British currency is called the pound sterling whose code is RMB.