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Economics
MEDIUM
ENGLISH
Economics
If the Bank of England reduces the money supply to reduce inflation a floating exchange rate will aid the Bank of England in fighting inflation because ?
A
as the money supply is decreased the interest rate will increase and the price of UK exports will rise and the Price of UK imports will fall
Option A
B
as the money supply is decreased the interest rate will increase, and the price of UK exports will fall and the price of UK imports will rise
Option B
as the money supply is decreased the interest rate will increase and the price of UK exports and UK imports will fall.
Correct answer
D
as the money supply is decreased the interest rate will increase and the price of both UK exports and UK imports will rise
Option D
Correct answer: C
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