If You Go to the Bank and Notice That a Dollar

question 355

Multiple Choice

If you go to the bank and notice that a dollar buys more Mexican pesos than it used to, then the dollar has

• A)appreciated. Other things the same, the appreciation would make Americans less likely to travel to Mexico.
• B)appreciated. Other things the same, the appreciation would make Americans more likely to travel to Mexico.
• C)depreciated. Other things the same, the depreciation would make Americans less likely to travel to Mexico.
• D)depreciated. Other things the same, the depreciation would make Americans more likely to travel to Mexico.

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Definitions:

Lutheran

Pertains to the Christian denomination founded on the teachings and reforms of Martin Luther, emphasizing justification by faith alone.

1555 Peace of Augsburg

An important treaty in the Holy Roman Empire that allowed princes to choose Lutheranism or Catholicism as the religion of their territories.

Lutheranism

A major branch of Protestant Christianity which identifies with the theology of Martin Luther, a German monk and theologian who sought to reform the practices of the Roman Catholic Church in the 16th century.

Henry VIII

King of England from 1509 until his death in 1547, known for his six marriages and his role in the separation of the Church of England from the Roman Catholic Church, leading to significant religious and political changes.