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Economics Mcqs
Q
Suppose, due to political instability, Russians suddenly choose to purchase UK assets as opposed to Russian assets Which of the following statements is true regarding the value of the pound and UK net exports ?
AA. The pound appreciates, and uk net exports rise
BB. The pound appreciates, and uk net exports fall
CC. The pound depreciates, and uk net exports rise
DD. The pound depreciates, and uk net exports fall
Correct Answer:
B. B. The pound appreciates, and uk net exports fall