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Economics
MEDIUM
ENGLISH
Economics
If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing Which of the following is true regarding the market for foreign currency exchange ?
A
The demand for pounds decreases and the pound depreciates
Option A
B
The Supply of pounds increases, and the pound depreciates
Option B
C
The Supply of pounds decreases, and the pound appreciates
Option C
The demand for Pounds increases and the pound appreciates
Correct answer
Correct answer: D
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