An increase in the dollar price of the English pound will

A) increase the supply of dollars.
B) decrease the supply of pounds.
C) cause an increase in the pound price of the dollar.
D) cause a decrease in the pound price of the dollar.

Question

Zybrea Knight · Accepted Answer

Final Answer : D, Explanation :  An increase in the dollar price of the English pound means that it will take more dollars to buy a pound, which is equivalent to a decrease in the pound price of the dollar. Therefore, choice D is correct.

An increase in the dollar price of the English pound will

A) increase the supply of dollars.
B) decrease the supply of pounds.
C) cause an increase in the pound price of the dollar.
D) cause a decrease in the pound price of the dollar.

Definitions

Learning Objectives

Learning Objectives

Related questions

An increase in the dollar price of the English pound willA) increase the supply of dollars.B) decrease the supply of pounds.C) cause an increase in the pound price of the dollar.D) cause a decrease in the pound price of the dollar.

Definitions

Learning Objectives

Learning Objectives

Related questions

An increase in the dollar price of the English pound will

A) increase the supply of dollars.
B) decrease the supply of pounds.
C) cause an increase in the pound price of the dollar.
D) cause a decrease in the pound price of the dollar.