Referring to Figure 17.1, if the British pound is pegged at $2.50 per pound and the government gives up the peg and allows the pound to float, the pound will experience a(n):
A. Revaluation.
B. Devaluation.
C. Appreciation.
D. Depreciation.
Answer:D
Referring to Figure 17.1, if the British pound is pegged at $2.50 per pound and the government gives up the peg and allows the pound to float, the pound will experience a(n):
A. Revaluation. B. Devaluation. C. Appreciation. D. Depreciation.