Suppose That Today 1 British Pound Exchanges for $1

question 90

Multiple Choice

Suppose that today 1 British pound exchanges for $1.60.If next week 1 pound exchanges for $1.70,it is clear that

• A)The pound has depreciated relative to the dollar.
• B)The dollar has appreciated relative to the pound.
• C)Both currencies have appreciated.
• D)The dollar has depreciated relative to the pounD.The dollar has depreciated relative to the pound because with the new exchange rate,it takes more dollars to get the same amount of British pounds.

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Definitions:

Global Organisations

Companies that operate and compete in more than one country, embracing global markets and cultural diversity.

Sustainable Efficiency

Achieving productivity and performance goals in a manner that is environmentally responsible and can be maintained over the long term.

Strategic Proactivity

An approach whereby an organization anticipates future challenges or opportunities and actively shapes its strategies to address them.

Civil Corporation

A corporation that integrates social and environmental concerns in its business operations and interactions with its stakeholders.