Multiple Choice
If the exchange rate changes from $0.08 = 1 mexican peso to $0.09 = 1 mexican peso,then
A) both the peso and dollar have appreciated.
B) both the peso and dollar have depreciated.
C) the peso has appreciated and the dollar has depreciated.
D) the peso has depreciated and the dollar has appreciated.
Correct Answer:
Verified
Correct Answer:
Verified
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