Multiple Choice
If the dollar price of the English pound goes from $1.50 to $1.20, the dollar has
A) appreciated, and Americans will find English goods cheaper.
B) appreciated, and Americans will find English goods more expensive.
C) depreciated, and Americans will find English goods cheaper.
D) depreciated, and Americans will find English goods more expensive.
Correct Answer:
Verified
Correct Answer:
Verified
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