Question: If the exchange rate changes from $1.70 = 1 to $1.68 = 1, what does this mean for the dollar? For the pound? What if

If the exchange rate changes from $1.70 = £1 to $1.68 = £1, what does this mean for the dollar? For the pound? What if the exchange rate changes from $1.70 = £1 to $1.72 = £1?

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