Multiple Choice
If the exchange rate changes from .50 pounds per dollar to .75 pounds per dollar, what has happened to the dollar?
A) It has appreciated and so buys more British goods.
B) It has appreciated and so buys fewer British goods.
C) It has depreciated and so buys more British goods.
D) It has depreciated and so buys fewer British goods.
Correct Answer:
Verified
Correct Answer:
Verified
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