When the Value of the British Pound Changes from $1

question 52

Multiple Choice

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

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

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Definitions:

Validity

The extent to which a test or instrument measures what it is supposed to measure.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related outcome.

Culture Bias

The tendency to interpret or judge phenomena by standards inherent to one's own culture, potentially leading to misunderstanding or prejudice.

Sampling Bias

A statistical bias that occurs when the sample chosen is not representative of the population being studied, potentially leading to distorted findings.