Question: x value = 8 1. Pound/dollar currency pair's value changed from 1x.18/$ to 15.x3/$. a. Is this an appreciation or depreciation for dollar? Why? b.

x value = 8 1. Pound/dollar currency pair's value changed from

x value = 8

1. Pound/dollar currency pair's value changed from 1x.18/$ to 15.x3/$. a. Is this an appreciation or depreciation for dollar? Why? b. By what percentage did currency pair's value change? (15 pts)

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