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Prajina Gurung
on Nov 26, 2024

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In a graph showing the market supply and demand for British pounds in terms of U.S. dollars, the demand-for-pounds curve is downsloping because

A) fewer British pounds can be purchased if pounds become less expensive.
B) fewer U.S. dollars can be purchased if British pounds become less expensive.
C) more U.S. dollars can be purchased if British pounds become more expensive.
D) more British pounds can be purchased if pounds become less expensive.

Demand-for-Pounds Curve

A graphical representation showing the relationship between the exchange rate of the British Pound and the quantity of the Pound demanded by the market.

Downsloping

Describes a line or curve on a graph that moves from the upper left to the lower right, often used in economics to represent decrease.

U.S. Dollars

The legal currency of the United States, widely used as a standard of value and medium of exchange internationally.

  • Describe the connection between variations in currency supply and demand and changes in their market valuation.
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JIANNA BRIDGES-BOUTTEDec 01, 2024
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