Multiple Choice
Suppose that the exchange rate between the U.S.dollar and the Mexican peso is 1 peso = $0.11.If the U.S.dollar price per Mexican peso changes to 1 peso =$0.10,the peso is said to have __________ and the dollar to have __________.
A) depreciated; appreciated
B) appreciated; appreciated
C) appreciated; depreciated
D) depreciated; depreciated
Correct Answer:
Verified
Correct Answer:
Verified
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