$-$ Use the following information for $\backslash (\backslash$mathrm$\{$Q$\}1\backslash$sim $\backslash$mathrm$\{$Q$\}6\backslash )$ :

$-$ At time t$,1\mathrm{.}2$ USD $=1$ Pound $(\backslash (\backslash$$ $1\mathrm{.}2/)\backslash )$ and $1\mathrm{.}5$ Euro $\backslash (=1\backslash )$ Pound $(\backslash (1\mathrm{.}5/)\backslash ).$

$-$ At time $\backslash (\backslash$mathrm$\{$t$\}+1,1\mathrm{.}22\backslash$mathrm$\{$USD$\}=1\backslash )$ Pound $\backslash ((\backslash$$ $1\mathrm{.}22/)\backslash )$ and $1\mathrm{.}54$ Euro $\backslash (=1\backslash )$ Pound $\backslash ((1\mathrm{.}54/)\backslash ).$

$1.$ The pound has $($appreciated$/$depreciated$)$ against the dollar. You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(1$ point$)$ The Pound has appreciated against the dollar

$2.$ The dollar has $($appreciated$/$depreciated$)$ against the pound. You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(1$ point$)$

$3.$ The Euro has $($appreciated$/$depreciated$)$ against the pound. You must show all work $($clean and readable$)$ to earn credit. No credit will be given without You must show ali work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(1$ point$)$

$4.$ The pound has $($appreciated$/$depreciated$)$ against the Euro. You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(1$ point$)$

$5.$ The Euro has $($appreciated$/$depreciated$)$ against the dollar. You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(2$ points$)$

$6.$ The dollar has $($appreciated$/$depreciated$)$ against the Euro. You must show all work $($clean and readable$)$ to earn credit. No credit will be given without supporting work. $(2$ points$)$