Asked by Pavlog Pawluk on May 18, 2024

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Americans demand British pounds so they can

A) supply the British with U.S.dollars to buy American goods.
B) improve the current account deficit.
C) promote American goods in Great Britain.
D) buy British goods.

British Pounds

The official currency of the United Kingdom, which is also known as Sterling.

  • Recognize the key elements influencing capital and current account balances.
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TR
Thato RamatsebaMay 18, 2024
Final Answer :
D
Explanation :
Americans demand British pounds so that they can buy British goods. This is because when Americans have British pounds, it allows them to purchase products and services from British companies. Therefore, the correct answer is option D.