Suppose That Yesterday the GBP/USD Rate Was 1

question 125

Essay

Suppose that yesterday the GBP/USD rate was 1.6802, and today it is 1.6698.Identify the terms and the commodity currency and indicate which currency has appreciated.

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Definitions:

Polyuria

The production of abnormally large volumes of dilute urine, which can be a symptom of various conditions, including diabetes insipidus and diabetes mellitus.

Uremia

A condition resulting from the advanced failure of the kidneys to eliminate waste products from the blood.

Specific Gravity

The ratio of the density of a substance to the density of a reference substance, usually water for liquids and solids, and air for gases.

Urochrome

A pigment that gives urine its yellow color, a byproduct of the breakdown of hemoglobin.