Suppose That in 2015 You Could Purchase About 6 Egyptian

question 52

Multiple Choice

Suppose that in 2015 you could purchase about 6 Egyptian pounds for a dollar. In 2019, you could purchase about 13 Egyptian pounds for a dollar. Which statement best explains the changes that could have taken place between 2015 and 2019?

• A) The dollar appreciated, increasing the trade balance.
• B) The dollar depreciated, decreasing the trade balance.
• C) The dollar appreciated, decreasing the trade balance.
• D) The dollar depreciated, increasing the trade balance.

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