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If,as a Result of Market Forces,the Exchange Rate Changes from $1

Question 58

Multiple Choice

If,as a result of market forces,the exchange rate changes from $1 equals 11 pesos to $1 equals 9 pesos,then the dollar has

A) appreciated.
B) been revalued.
C) been devalued.
D) depreciated.
E) There is not enough information to answer the question.

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