On a Given Day, the Exchange Rate for One U

question 69

Multiple Choice

On a given day, the exchange rate for one U.S.dollar is 1.2 Canadian dollars and 0.5 British pounds.Exactly six months later, the exchange rate for one U.S.dollar is 1.1 Canadian dollars and 0.7 British pound.From the information given, we can say:

• A)the dollar has appreciated relative to Canadian dollars and depreciated relative to British pounds.
• B)the dollar has appreciated relative to British pounds and depreciated relative to Canadian dollars.
• C)the dollar has appreciated relative to both British pounds and Canadian dollars.
• D)the dollar has depreciated relative to both British pounds and Canadian dollars.
• E)nothing about the relative value of the U.S.dollar.

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Definitions:

Election Outcome

The final result of a vote, determining which candidates or proposals have been selected by the electorate.

Federal Communications Commission

An independent agency of the U.S. government that regulates interstate and international communications via radio, television, wire, satellite, and cable.

Mandate

An official order or commission to do something, often given to elected officials by their electorate.

Modern-Day Role

The current functions or duties assigned to an individual, organization, or institution in society, reflecting contemporary expectations and challenges.