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If the Dollar Price of the English Pound Goes from $1.30

Question 213

Multiple Choice

If the dollar price of the English pound goes from $1.30 to $1.10, the dollar has


A) appreciated, and the English will find U.S. goods cheaper.
B) appreciated, and the English will find U.S. goods more expensive.
C) depreciated, and the English will find U.S. goods cheaper.
D) depreciated, and the English will find U.S. goods more expensive.

Correct Answer:

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