A Drop in Dollar Price of British Pounds Means That

question 30

Multiple Choice

A drop in dollar price of British pounds means that

• A)fewer dollars are needed to buy British pounds
• B)more dollars are needed to buy British pounds
• C)the mark has appreciated
• D)the dollar has depreciated
• E)British goods are now more expensive to Americans

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Definitions:

Ambiguous

Something that can be understood in more than one way or is unclear because it has multiple interpretations.

Action Tendencies

The predispositions to behave in certain ways in response to specific emotions or environmental stimuli.

Cognitive Processes

Mental activities involved in acquiring, processing, and storing knowledge, such as perception, memory, and reasoning.

Prefrontal Cortex

The front part of the frontal lobe of the brain, involved in decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.