If the Pound-Dollar Exchange Rate Changes from £0

question 441

Multiple Choice

If the pound-dollar exchange rate changes from £0.60 per dollar to £0.65 per dollar, then the pound has ________ against the dollar and the dollar has ________ against the pound.

• A) depreciated; depreciated
• B) appreciated; depreciated
• C) appreciated; appreciated
• D) depreciated; appreciated

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