Which group will most likely be negatively affected if the U.S. dollar drops in value against the British pound? American businesses purchasing equipment from Great Britain British businesses exporting products to the United States British consumers buying imported American products American producers shipping their goods to Great Britain

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter36: Exchange Rates And Financial Links Between Countries
Section: Chapter Questions
Problem 14E
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Which group will most likely be negatively affected if the U.S. dollar drops in value against the British pound?

  1. American businesses purchasing equipment from Great Britain
  2. British businesses exporting products to the United States
  3. British consumers buying imported American products
  4. American producers shipping their goods to Great Britain
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