Multiple Choice
If the exchange rate changes from 57 Indian rupee per dollar to 53 Indian rupee per dollar, what has happened to the dollar?
A) It has appreciated and so buys more Indian goods.
B) It has appreciated and so buys fewer Indian goods.
C) It has depreciated and so buys more Indian goods.
D) It has depreciated and so buys fewer Indian goods.
Correct Answer:
Verified
Correct Answer:
Verified
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