Multiple Choice
Other things the same,if the dollar depreciates relative to the British pound,then
A) the exchange rate falls.It will cost fewer pounds to travel in the U.S.
B) the exchange rate falls.It will cost more pounds to travel in the U.S.
C) the exchange rate rises.It will cost fewer pounds to travel in the U.S.
D) the exchange rate rises.It will cost more pounds to travel in the U.S.
Correct Answer:
Verified
Correct Answer:
Verified
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