A Change in the Dollar Value of the British Pound

question 82

Multiple Choice

A change in the dollar value of the British pound from $1.60 to $1.50 represents

• A)an increase in the pound price of British goods.
• B)an appreciation of the dollar relative to the pound.
• C)an appreciation of the pound relative to the dollar.
• D)an increase in the dollar price of British goods.

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Definitions:

Wealth Contribution

The value added to an individual's or entity's net worth as a result of investment gains, income, or other financial growth activities.

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Mutually Exclusive

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