When the Value of a Pound Sterling Changes from US$1

question 382

Multiple Choice

When the value of a pound sterling changes from US$1.50 to US$2, it follows that the:

• A) U.S. dollar has depreciated.
• B) pound sterling has depreciated.
• C) U.S. dollar has appreciated.
• D) value of a U.S. dollar has gone from £0.5 to £0.6.

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