If the value of the pound in terms of other currencies rises: | Faculties

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Ram Sharma

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📊 International Economics

Q. If the value of the pound in terms of other currencies rises:

(A) The spending on UK exports in pounds must rise
(B) The spending on UK exports in foreign currency will rise if demand is price elastic
(C) The demand for UK exports will rise
(D) The spending on UK exports in foreign currency will fall if demand for UK exports is price elastic

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✅ Correct Answer: (D) The spending on UK exports in foreign currency will fall if demand for UK exports is price elastic

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