Groups would benefit from high GBP-USD currency rate

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Reference no: EM131901361

In 1990–1991, the GBP/USD exchange rate reached a relatively high level of 2.0000. At that exchange rate, 1 pound could be exchanged for $2.00. Which of the following groups would benefit from a high GBP/USD currency rate? Explain your position for each question. 1. Travelers from the United States to Great Britain? 2. Travelers from Great Britain to the United States? 3. British import firms of U.S. goods from the United States in competitive industries? 4. A British car producer who competes with a U.S. manufacturer for domestic sales in the UK?

Reference no: EM131901361

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