Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn

Exercise 1

The exchange rate between the U.S. dollar and the British pound starts at $1 = £0.5. It then changes to $1 = £0.75. Given this change, we would say that the U.S. dollar has __________ while the British pound has ___________.
A) Depreciated; appreciated.
B) Depreciated; depreciated.
C) Appreciated; depreciated.
D) Appreciated; appreciated.