Foreign Exchange Market 1) When the value of the British pound changes from $1.25 to $1.50, the
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Foreign Exchange Market 1) When the value of the British pound changes from $1.25 to $1.50, the pound has ________ and the U.S. dollar has ________.
A) appreciated; appreciated
B) depreciated; appreciated
C) appreciated; depreciated
D) depreciated; depreciated
2) When the value of the British pound changes from $1.50 to $1.25, then the pound has ________ and the U.S. dollar has ________.
A) appreciated; appreciated
B) depreciated; appreciated
C) appreciated; depreciated
D) depreciated; depreciated
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