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The Dollar/Pound Spot rate suddenly changes in value moving from an exchange rate of $1.34/ to $1.44/. Thus, the Pound has (by None of the

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The Dollar/Pound Spot rate suddenly changes in value moving from an exchange rate of $1.34/ to $1.44/. Thus, the Pound has (by None of the answers is correct depreciated: 6.94% appreciated; 7.46% appreciated; 6.94% O depreciated; 7.46%

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