The Value of the British Pound Changed from $1

question 22

Multiple Choice

The value of the British pound changed from $1.23 to $1.32. We can say that the pound has ________ and the dollar has ________.

• A)depreciated; appreciated
• B)appreciated; appreciated
• C)appreciated; depreciated
• D)depreciated; depreciated
• E)None of these choices are correct.

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Definitions:

Gross Cost

Gross cost refers to the total cost of a product or service before any deductions, such as discounts or rebates, are applied.

Commission

A fee paid to an agent or employee for conducting a transaction or service, usually a percentage of the sale price.

Principals

The main parties involved in a financial transaction or agreement, often referring to the owners or significant stakeholders.

Gross Cost

The total cost of a product or service before any deductions, discounts, or allowances are applied; the raw cost of an item.