Multiple Choice
If the exchange rate changes from 40 Thai baht per dollar to 35 Thai baht per dollar, what has happened to the dollar?
A) It has appreciated and so buys more Thai goods.
B) It has appreciated and so buys fewer Thai goods.
C) It has depreciated and so buys more Thai goods.
D) It has depreciated and so buys fewer Thai goods.
Correct Answer:
Verified
Correct Answer:
Verified
Q59: Canadian exports make up less than 20
Q63: If the world real interest rate exceeds
Q128: What is the logic behind the theory
Q131: A firm in India sells jackets to
Q132: Sue, a Canadian citizen, buys stock in
Q133: Table 31-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 31-1
Q139: Which of the following would be Canadian
Q140: Which of the following would a depreciation
Q141: How does international trade affect the standard
Q159: How do we find the real exchange