Question: The current exchange rate between the British pound and the U.S. dollar is 1.60 per dollar. If the U.S. dollar is expected to depreciate by

The current exchange rate between the British pound and the U.S. dollar is 1.60 per dollar. If the U.S. dollar is expected to depreciate by 10% relative to the British pound, what is the new expected exchange rate?

	A.	$1.7778 = 1
	B.	0.6944 = $1
	C.	$0.5625 = 1
	D.	$1.44 = 1
	E.	1.7778 = $1
	F.	$0.6944 = 1

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