When the Exchange Rate for the British Pound Changes from $1.80

question 13

Multiple Choice

When the exchange rate for the British pound changes from $1.80 per pound to $1.60 per pound, then, holding everything else constant, the pound has ________ and ________ expensive.

• A) appreciated; British cars sold in Canada become more
• B) appreciated; British cars sold in Canada become less
• C) depreciated; American wheat sold in Britain becomes more
• D) depreciated; American wheat sold in Britain becomes less

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