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When the Value of the Dollar Changes from £0

question 5

Multiple Choice

When the value of the dollar changes from £0.5 to £0.75,then the British pound has ________ and the U.S. dollar has ________.


Definitions:

Owners' Equity

The total value that the owners or shareholders have invested in a company minus any liabilities the company has.

Assets

Resources owned by an individual or business with economic value expected to provide future benefits.

Liabilities

Financial obligations or debts that a company or individual is responsible for repaying.

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