Based on the exchange rates for the trading days of 2016 and 2017 shown in the accompanying
Question:
Based on the exchange rates for the trading days of 2016 and 2017 shown in the accompanying table, did the U.S. dollar appreciate or depreciate over the year?
Did the movement in the value of the U.S. dollar make American goods and services more or less attractive to foreigners?
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April 1, 2016 April 1, 2017 US$1.42 to buy 1 British pound sterling US$1.25 to buy 1 British pound sterling
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