When the Exchange Rate Between Pounds and Dollars Moves from $2

question 165

Multiple Choice

When the exchange rate between pounds and dollars moves from $2 = 1 pound to $1 = 1 pound, we say that the dollar has

• A)depreciated.
• B)appreciated.
• C)inflated.
• D)deflated.

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Definitions:

Disgusted

A feeling of strong disapproval or revulsion.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Fairness Bias

The tendency to prioritize fairness and equity in decision making and judgment, sometimes at the expense of other considerations.

Inheritance

The process by which genetic information is passed on from parents to their offspring, determining certain characteristics of the offspring.