If the Exchange Rate Changes from $2

question 90

Multiple Choice

If the exchange rate changes from $2.00 = £1 to $2.01 = £1 then

• A)the dollar has depreciated.
• B)the dollar has appreciated.
• C)the British pound has depreciated.
• D)the British pound has stayed constant in value.

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Definitions:

Mineral Extraction

The process of removing valuable minerals or other geological materials from the Earth, typically from an ore body, lode, vein, seam, or reef.

Book Value

The net value of a company's assets minus its liabilities, often used to estimate a company's worth.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold in a company.