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The Following Table Shows the Number of British Pounds Required

question 14

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The following table shows the number of British pounds required to buy one U.S. dollar between February 1, 2016, and September 1, 2016. Use this table to answer the following questions. The following table shows the number of British pounds required to buy one U.S. dollar between February 1, 2016, and September 1, 2016. Use this table to answer the following questions.   -Between June 1,2016,and August 1,2016,the U.S.dollar ________ against the British pound,and the British pound ________ against the U.S.dollar. A)  depreciated; appreciated B)  appreciated; depreciated C)  neither appreciated nor depreciated; depreciated D)  depreciated; depreciated E)  appreciated; neither appreciated nor depreciated
-Between June 1,2016,and August 1,2016,the U.S.dollar ________ against the British pound,and the British pound ________ against the U.S.dollar.


Definitions:

Minimum Required Rate

The lowest rate of return considered acceptable by investors for investing in a financial instrument, based on risk and alternative opportunities.

Average Operating Assets

An average value of the assets used in the regular operations of a business over a specific period.

Net Operating Income

A measure of a company's profitability, calculated as the difference between its total revenue and operating expenses, excluding taxes and interest.

Return On Investment

A financial ratio used to calculate the profitability of an investment, comparing the gain from an investment relative to its cost.

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