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

question 16

Multiple Choice

If the dollar price of the English pound increases from $1.50 to $1.75, the dollar has

• A) appreciated relative to the pound, and English goods have become less expensive to U.S. consumers.
• B) depreciated relative to the pound, and English goods have become less expensive to U.S. consumers.
• C) appreciated relative to the pound, and English goods have become more expensive to U.S. consumers.
• D) depreciated relative to the pound, and English goods have become more expensive to U.S. consumers.

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Definitions:

Benzophenone

An organic compound with the formula (C6H5)2CO, commonly used in organic chemistry as a photoinitiator.

Diethyl Ether

An organic compound commonly used as a solvent, characterized by an oxygen atom connecting two ethyl groups.

1-Butanol

A primary alcohol with the chemical formula C4H9OH, characterized by a four-carbon straight chain terminating in a hydroxyl group.

PhCHO

Formaldehyde with a phenyl group, also known as benzaldehyde, a common organic compound used in synthesis.