The Following Question Are Based on the Following Graph, Showing

question 63

Multiple Choice

The following question are based on the following graph, showing the market for pesos. Mexico and the United States are engaged in a system of flexible exchange rates.

-If,because of some change in supply or demand,the exchange rate rises from $0.11 to $0.15 to the peso

• A) the peso has been devalued.
• B) the dollar has been devalued.
• C) the dollar has appreciated relative to the peso.
• D) the peso has appreciated relative to the dollar.
• E) both currencies have depreciated relative to each other.

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Definitions:

Inconsistent Markers

Features or signals that do not align with the expected norms or patterns within a specific context, often causing confusion or misinterpretation.

Circadian Rhythm

The biological clock within living organisms that follows a roughly 24-hour cycle, affecting various bodily functions such as sleep-wake patterns.

Brain Generated

Originated or produced by the brain, referring to processes, thoughts, or activities that have their source within the neural circuitry.

Light

Electromagnetic radiation within a certain portion of the electromagnetic spectrum, visible to the human eye.