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Question 6 Assume that income levels in the United Kingdom start to rise,...

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Finance

Question 6
Assume that income levels in the United Kingdom start to rise, while U.S. income levels remain
unchanged. This will place
pressure on the value of the British pound. Also, assume that U.S.
interest rates rise, while British interest rates remain unchanged and that no inflation is expected in
either country. This will place
pressure on the value of the British pound.
downward; downward
upward; downward
upward; upward
downward; upward
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