Refer to Figure 19-12. The graph above, depicts supply and demand ...

[debasdf]

Refer to Figure 19-12. The graph above, depicts supply and demand for U.S. dollars during a trading day. At a fixed exchange rate of 0.30 pounds per dollar, the dollar is ________ versus the pound.
 
  A ________ of the dollar would correct the fundamental disequilibrium that exists in this market.
  A) overvalued; revaluation B) overvalued; devaluation
  C) undervalued; devaluation D) undervalued; revaluation

Question 2

Traditionally, Wall Street investment banks had been organized as ________, but by 2000 they had converted to being ________.
 
  A) sole proprietorships; partnerships B) partnerships; sole proprietorships
  C) corporations; partnerships D) partnerships; publicly-traded companies

[vickybb89]

Answer to Question 1

D

Answer to Question 2

D

[debasdf]

Correct answers!

[vickybb89]

Great! Please up vote