If the exchange rate value of the British pound goes from U.S. $1.80 to U.S. $1.60, then

Question:

If the value of the British pound goes from U.S. $1.80 to U.S. $1.60, then
a. The pound has appreciated, and the British will find U.S. goods cheaper.
b. The pound has appreciated, and the British will find U.S. goods more expensive.
c. The pound has depreciated, and the British will find U.S. goods more expensive.
d. The pound has depreciated, and the British will find U.S. goods cheaper.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...