The Pound Sterling Floats

question 116

Multiple Choice

The pound sterling floats. If the exchange rate for the pound changes from $1.68 to $1.60, the pound has:

• A) depreciated.
• B) been devalued.
• C) appreciated.
• D) been revalued.

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Definitions:

Nobles

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Obligations

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Nineteenth Century

The nineteenth century is the period from 1801 to 1900, characterized by industrialization, colonization, and major political changes in many countries.

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