Question

If an American tourist is in London during a week when the British pound sterling is steadily falling in value, which statements are true?

Select all that apply.


$500 in the tourist's currency could be exchanged for fewer British pounds by the end of the week.

The tourist's US dollars could purchase more British goods by the end of the week.

The tourist's US dollars would have less value in London by the end of the week.

$500 in the tourist's currency could be exchanged for more British pounds by the end of the week.

Answer 1

Answer:

You would select B and D

Explanation:

If the British Pound was falling in value, then less US dollars would equal more British Pounds, making the money worth more there. Espescially by the end of the week.