If,as a Result of Market Forces,the Dollar Goes from a Price

question 65

Multiple Choice

If,as a result of market forces,the dollar goes from a price of 11 pesos to 9 pesos,then the dollar has

• A) appreciated.
• B) been revalued.
• C) been devalued.
• D) depreciated.
• E) There is not enough information to answer the question.

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