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valputin valputin
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8 years ago
When in 1985 a British pound cost approximately $1.30, a Shetland sweater that cost 100 British pounds would have cost $130. With a weaker dollar, the same Shetland sweater would have cost
A) $130, since the demand for Shetland sweaters will decrease to prevent an increase in price due to the stronger dollar.
B) more than $130.
C) less than $130.
D) $130, since the exchange rate does not affect the prices that American consumers pay for foreign goods.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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valputin Author
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8 years ago
Correct
Our course uses > The Economics of Money, Banking and Financial Markets
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8 years ago
You're very welcome, valputin
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