A Change in the Dollar Value of the British Pound

question 82

Multiple Choice

A change in the dollar value of the British pound from $1.60 to $1.50 represents

• A)an increase in the pound price of British goods.
• B)an appreciation of the dollar relative to the pound.
• C)an appreciation of the pound relative to the dollar.
• D)an increase in the dollar price of British goods.

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Definitions:

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising many countries with diverse cultures and languages.

Cell Phone

A portable telephone that uses wireless technology to make and receive calls and access digital services.

Groceries

Items of food and other household necessities that are purchased from a grocery store or supermarket.

Clothes

Items worn on the body to protect, cover, or adorn, often made from fabrics or textiles.