Solved

Suppose the Peso-Dollar Foreign Exchange Rate Changes from 50 Pesos

Question 334

Multiple Choice

Suppose the peso-dollar foreign exchange rate changes from 50 pesos per dollar to 30 pesos per dollar. Then the peso has ________ against the dollar and the dollar has ________ against the peso.


A) appreciated; depreciated
B) appreciated; appreciated
C) depreciated; appreciated
D) depreciated; depreciated

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q329: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Using the table

Q330: The official settlements account records the change

Q331: China has used a fixed yuan exchange

Q332: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Using the data

Q333: Other things remaining the same, the higher

Q335: During this year a country reports imports

Q336: What factors can change expectations about the

Q337: Important factors that change the demand for

Q338: "In the foreign exchange market, if the

Q339: The supply curve of U.S. dollars shifts