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dwilliams11 dwilliams11
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3 years ago
Under a system of floating exchange rates, if the quantity of pounds demanded exceeds the quantity of pounds supplied

▸ reserves will increase.

▸ the sterling exchange rate will depreciate.

▸ the sterling exchange rate will appreciate.

▸ the government will always increase the supply of money to eliminate this excess demand.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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emr21emr21
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dwilliams11 Author
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3 years ago
Thanks
kc123
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Yesterday
Correct Slight Smile TY
smi3
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2 hours ago
Brilliant ツ
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