If a depreciation of the British pound is to be prevented, the ...

[CORALGRILL2014]

If a depreciation of the British pound is to be prevented, the U.S. Federal Reserve has to buy British pounds and sell U.S. dollars.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

To say that a price ceiling is binding is to say that the price ceiling
 a. results in a surplus.
 b. is set above the equilibrium price.
 c. causes quantity demanded to exceed quantity supplied.
  d. All of the above are correct.

[bookworm410]

Answer to Question 1

True

Answer to Question 2

c

[CORALGRILL2014]

TYSM

[jamesnevil303]

Excellent