Other Things the Same, If the Exchange Rate Changes from 35

question 96

Multiple Choice

Other things the same, if the exchange rate changes from 35 Thai bhat per dollar to 21 Thai bhat per dollar, then the dollar has

• A)appreciated and so buys more Thai goods.
• B)appreciated and so buys fewer Thai goods.
• C)depreciated and so buys more Thai goods.
• D)depreciated and so buys fewer Thai goods.

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Definitions:

Confidence Level

It describes the degree of certainty associated with a statistical estimate or range, typically expressed as a percentage, indicating how likely it is that the true value lies within a specified interval.

Confidence Interval

A range of numbers, derived from statistical analyses of samples, likely to possess the value of a population parameter that remains unknown.

Confidence Interval

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Sample Mean

The average of a set of numerical values taken from a sample, intended to estimate the population mean.