Question: Other things the same, if the exchange rate changes from 4 1 Thai bhat per dollar to 3 5 Thai bhat per dollar, the dollar

Other things the same, if the exchange rate changes from 41 Thai bhat per dollar to 35 Thai bhat per dollar, the dollar has
Question 3 options:
appreciated and so buys more Thai goods.
appreciated and so buys fewer Thai goods.
depreciated and so buys more Thai goods.
depreciated and so buys fewer Thai goods.

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