Economics Mcqs
Q If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing Which of the following is true regarding the market for foreign currency exchange ?
  • A A. The demand for pounds decreases and the pound depreciates
  • B B. The supply of pounds increases, and the pound depreciates
  • C C. The supply of pounds decreases, and the pound appreciates
  • D D. The demand for pounds increases and the pound appreciates
Leave a Comment