Question: The dollar - pound exchange rate is initially $ 2 . 0 0 / 1 and moves to $ 1 . 8 0 / 1
The dollarpound exchange rate is initially $ and moves to $ one year later. Over the same period the US price index rises from to while the UK price index moves from to Which of the following statements is true concerning the real exchange rate of the pound against the dollar to one decimal place
Select one:
A It will have depreciated to
B It will have appreciated to
C It will have depreciated to
D It will have appreciated to
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