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The Figure Given Below Depicts the Foreign Exchange Market for British

question 36

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The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2
The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2    -If the official gold value of the Australian dollar changes from 470 Australian dollars per ounce to 493 Australian dollars per ounce, we can say that the Australian dollar has appreciated in value.
-If the official gold value of the Australian dollar changes from 470 Australian dollars per ounce to 493 Australian dollars per ounce, we can say that the Australian dollar has appreciated in value.


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Process

A series of actions or steps taken in order to achieve a particular end.

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Pertaining to the highest or greatest possible amount or degree.

Root

The basic cause, source, or origin of something or the fundamental part of a word to which affixes can be added.

Maxim

A concise statement expressing a general truth or rule of conduct.

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