Table 172 Foreign Exchange Quotations $\begin{array}{llcc} \quad\quad\quad\quad\quad\quad\quad\text { U.S. Dollar Equivalent} & \text {Currency Per U.S. Dollar } \\\end{array}$

Table 17.2 Foreign Exchange Quotations
$\begin{array}{llcc} \quad\quad\quad\quad\quad\quad\quad\text { U.S. Dollar Equivalent} & \text {Currency Per U.S. Dollar } \\\end{array}$
$\begin{array}{lllll}&\underline{\text {Tuesday}}&\underline{\text {Monday}}&\underline{\text {Tuesday}}&\underline{\text {Monday}}\\\text { British Pound } & 1.4270 & 1.4390 & 0.7008 & 0.6949 \\\text { 30-day Forward } & 1.4211 & 1.4333 & 0.7037 & 0.6977 \\\text { 60-day Forward } & 1.4090 & 1.4220 & 0.7097 & 0.7032 \\\text { 180-day Forward } & 1.3930 & 1.4070 & 0.7179 & 0.7107\end{array}$
-Refer to Table 17.2. Comparing Tuesday to the previous Monday, by Tuesday the dollar's exchange value had

A) depreciated against the pound
B) appreciated against the pound
C) not changed against the pound
D) become equivalent to the value of the pound

Correct Answer:

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