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Gillespie: Foundations of Economics 2e

Unit 30

Instructions

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Question 1

If the value of the pound in other currencies is strong, then other things being equal:

Question 2

If the value of the pound in terms of other currencies rises:

Question 3

The supply of pounds to the currency market will be upward sloping if:

Question 4

A fall in the value of the pound is likely to decrease spending on imports if:

Question 5

If the exchange rate is above the equilibrium level:

Question 6

If the exchange rate is below the equilibrium level:

Question 7

To prevent the exchange rate rising the government could:

Question 8

A depreciation of a currency occurs when:

Question 9

An appreciation of the currency is likely to occur if:

Question 10

A fall in the external value of a currency: