Multiple Choice
Other things the same, if the exchange rate changes from .30 Kuwaiti dinar per dollar to .35 Kuwaiti dinar per dollar, then the dollar has
A) appreciated and so buys more Kuwaiti goods.
B) appreciated and so buys fewer Kuwaiti goods.
C) depreciated and so buys more Kuwaiti goods.
D) depreciated and so buys fewer Kuwaiti goods.
Correct Answer:
Verified
Correct Answer:
Verified
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