< > Student Portal | Main ng.cengage.com LCS Learning Platform | LCS Learning Platform Rebecca < CENGAGE MINDTAP My Home Problems: Chapter 11 Courses Catalog and Study Tools Rental Options Back to Assignment Attempts 3. Individual Problems 11-3 Average / 1 Course Hero Mind Tap - Cengage Learning College Success Tips The British pound (GBP) falls in value relative to the dollar. Consider a U.S. bank with a European trading subsidiary in London (which earns profit in pounds). Career Success Tips ? Help This devaluation the U.S. bank, since each pound it earns in profits through its European subsidiary is now worth dollars. Give Feedback Grade It Now Save & Continue Continue without saving Q Search this course ? Co A-Z