Multiple Choice
If the exchange rate changes from $1.52 = £1.00 to $1.65 = £1.00,then relative to each other,
A) both the dollar and the British pound have appreciated.
B) both the dollar and the British pound have depreciated.
C) the dollar has appreciated and the British pound has depreciated.
D) the dollar has depreciated and the British pound has appreciated.
Correct Answer:
Verified
Correct Answer:
Verified
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