The Following Table Shows the Number of British Pounds Required

question 22

Multiple Choice

The following table shows the number of British pounds required to buy one U.S. dollar between September 3, 2012, and April 1, 2013. Use this table to answer the questions that follow.

-Between February 1,2013,and March 1,2013,the U.S.dollar ________ against the British pound,and the British pound ________ against the U.S.dollar.

• A) depreciated; appreciated
• B) neither appreciated nor depreciated; neither appreciated nor depreciated
• C) appreciated; depreciated
• D) appreciated; appreciated
• E) depreciated; depreciated

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Definitions:

Financial Intermediaries

Institutions that act as middlemen between savers and borrowers, including banks, credit unions, and insurance companies.

Savers

Individuals or organizations that set aside a portion of their income for future use, often by depositing it into financial accounts that earn interest.

Borrowers

Individuals or entities that receive funds from a lender under the condition of returning it typically with interest.

Legal Tender

The officially recognized form of money that must be accepted if offered in payment of a debt.