Multiple Choice
When the value of a pound sterling changes from US$1.50 to US$2, it follows that the:
A) U.S. dollar has depreciated.
B) pound sterling has depreciated.
C) U.S. dollar has appreciated.
D) value of a U.S. dollar has gone from £0.5 to £0.6.
Correct Answer:
Verified
Correct Answer:
Verified
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