Question: When the exchange rate for the Mexican peso changes from 1 0 pesos to the Canadian dollar to 9 pesos to the Canadian dollar, then

When the exchange rate for the Mexican peso changes from 10 pesos to the Canadian dollar to 9 pesos to the Canadian dollar, then the Mexican peso has ________ and the Canadian dollar has ________.
Question 4 options:
appreciated; appreciated
depreciated; appreciated
appreciated; depreciated
depreciated; depreciated

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