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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