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.

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Definitions:

Prototype

An original model on which something is patterned or an early, typical example of a concept or category.

Stereotype Content Model

A theory positing that stereotypes are based on the dimensions of warmth and competence which humans universally apply to social groups.

Judged Competence

The perception of an individual's skills, abilities, and performance by others, often influenced by various biases and subjective assessments.

Warmth

A personal quality characterized by kindness, compassion, and friendliness, promoting positive interpersonal relations.