Multiple Choice
When the exchange rate for the Mexican peso changes from 10 pesos to the U.S dollar to 9 pesos to the U.S. dollar,then the Mexican peso has ________ and the U.S. dollar has ________.
A) appreciated;appreciated
B) depreciated;appreciated
C) appreciated;depreciated
D) depreciated;depreciated
Correct Answer:
Verified
Correct Answer:
Verified
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