Multiple Choice
If the exchange rate of the English pound goes from $1.80 to $1.60, the pound 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 more expensive.
D) depreciated, and the English will find U.S. goods cheaper.
Correct Answer:
Verified
Correct Answer:
Verified
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