Suppose the Exchange Rate Has Moved from $1

question 146

Multiple Choice

Suppose the exchange rate has moved from $1.40 per pound to $2.00 per pound.This means the:

• A) dollar depreciates from 0.71 pounds per dollar to 0.50 pounds per dollar.
• B) pound depreciates against the dollar.
• C) dollar can buy more British goods than before.
• D) dollar appreciates from 0.50 pounds per dollar to 0.71 pounds per dollar.

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Definitions:

Motivation

The psychological forces that influence an individual's direction, intensity, and persistence of voluntary behavior.

Achieving A Goal

The process of setting targets and successfully completing actions or steps to reach the desired outcome.

Definitions of Culture

Various interpretations of culture which may include shared values, traditions, norms, and practices that characterize a group or society.

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A condition or situation that is not likely to change or fail, typically referring to an economy, environment, or structure.