When the Value of the British Pound Changes from $1

question 11

Multiple Choice

When the value of the British pound changes from $1.50 to $1.25, then the pound has ________ and the Canadian dollar has ________.

• A) appreciated; appreciated
• B) depreciated; appreciated
• C) appreciated; depreciated
• D) depreciated; depreciated

---

Definitions:

Framing

The way information is presented to users, which can significantly influence their decisions and judgments.

Bigot

A person who is intolerantly or unreasonably attached to a belief, opinion, or faction, especially one who exhibits intolerance toward those of differing beliefs.

Confirmation Bias

An inclination towards seeking, understanding, favoring, and remembering information that affirms one’s pre-held beliefs or hypotheses.

Business Degree

An academic qualification awarded after completing a course of study in business or management sciences.