Question: The spot exchange rate between the US Dollar dollar (USD) and the New Zealand Dollar (NZD) is USD 1.00 = NZD 1.45. Which of the

The spot exchange rate between the US Dollar dollar (USD) and the New Zealand Dollar (NZD) is USD 1.00 = NZD 1.45. Which of the following reflects a strengthening of the USD?

Select the best answer.

Select one:

USD 1.00 = NZD 1.30

USD 1.00 = NZD 1.60

USD 0.63 = NZD 1.00

USD 0.77 = NZD 1.00

Both (a) and (d) reflect a strengthening USD

Both (b) and (c) reflect a strengthening USD

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