Suppose That in 2015 You Could Purchase About 6 Egyptian

Multiple Choice

Suppose that in 2015 you could purchase about 6 Egyptian pounds for a dollar. In 2019, you could purchase about 13 Egyptian pounds for a dollar. Which statement best explains the changes that could have taken place between 2015 and 2019?

A) The dollar appreciated, increasing the trade balance.
B) The dollar depreciated, decreasing the trade balance.
C) The dollar appreciated, decreasing the trade balance.
D) The dollar depreciated, increasing the trade balance.