Suppose That Today 1 British Pound Exchanges for $1

question 126

Multiple Choice

Suppose that today 1 British pound exchanges for $1.60.If next week 1 pound exchanges for $1.70,it is clear that

• A)The pound has depreciated relative to the dollar.
• B)The dollar has appreciated relative to the pound.
• C)Both currencies have appreciated.
• D)The dollar has depreciated relative to the pound.

---

Definitions:

Anterior Sclera

The front part of the sclera, the white outer coating of the eyeball, visible when looking at the eye.

Eyelids

Thin folds of skin that cover and protect the eye; they help to spread moisture (tears) over the surface of the eye when blinking.

Retina

The light-sensitive layer of tissue at the back of the inner eye, responsible for converting light into neural signals for visual recognition.

Photoreceptor Cells

Specialized neurons in the retina that convert light into signals that can stimulate biological processes.