If the Dollar Price of the English Pound Goes from $1.50

question 135

Multiple Choice

If the dollar price of the English pound goes from $1.50 to $1.20, the dollar has

• A) appreciated, and Americans will find English goods cheaper.
• B) appreciated, and Americans will find English goods more expensive.
• C) depreciated, and Americans will find English goods cheaper.
• D) depreciated, and Americans will find English goods more expensive.