Multiple Choice
If the exchange rate changes from 0.35 Kuwaiti dinar per dollar to 0.30 Kuwaiti dinar per dollar, what has happened to the dollar?
A) It has appreciated and so buys more Kuwaiti goods.
B) It has appreciated and so buys fewer Kuwaiti goods.
C) It has depreciated and so buys more Kuwaiti goods.
D) It has depreciated and so buys fewer Kuwaiti goods.
Correct Answer:
Verified
Correct Answer:
Verified
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