Multiple Choice
Other things the same,if the exchange rate changes from 75 Algerian dinar per dollar to 72 Algerian dinar per dollar,the dollar has
A) appreciated and so buys more Algerian goods.
B) appreciated and so buys fewer Algerian goods.
C) depreciated and so buys more Algerian goods.
D) depreciated and so buys fewer Algerian goods.
Correct Answer:
Verified
Correct Answer:
Verified
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