If the Exchange Rate of the English Pound Goes from $1.80

question 107

Multiple Choice

If the exchange rate of the English pound goes from $1.80 to $1.60, the pound has

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

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