When the value of the British pound changes from $1.50 to $1.25, then A) the pound has
Question:
A) the pound has appreciated and the dollar has appreciated.
B) the pound has depreciated and the dollar has appreciated.
C) the pound has appreciated and the dollar has depreciated.
D) the pound has depreciated and the dollar has depreciated.
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The correct option is Option B the pound has depreciated and the dollar has app...View the full answer
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