In June 2008, $1 Bought 0

question 149

Multiple Choice

In June 2008, $1 bought 0.5 pounds and in October, $1 bought 0.65 pounds. As a result of this change, ________ between June and October.

• A) the demand for dollars increased.
• B) the demand for dollars decreased.
• C) the dollar depreciated and the quantity of dollars demanded decreased.
• D) the dollar appreciated and the quantity of dollars demanded decreased.

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Definitions:

Intentional Tort

A wrongful act knowingly committed.

Intend

To have a course of action as one's purpose or objective; to plan.

Defamation

Any published or publicly spoken false statement that causes injury to another’s good name, reputation, or character.

False Statement

A declaration that is untrue or misleading, possibly made with the intention of deceiving the recipient.