18 The exchange rate between the Canadian dollar and the British pound was initially $1 = £0.5. It then changed to $1 = £0.75. Given this change, we would say that the Canadian dollar has while the British pound has O depreciated; depreciated O appreciated; depreciated O appreciated; appreciated O depreciated; appreciated

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Q18

18
The exchange rate between the Canadian dollar and the British pound was initially $1 = £0.5. It then changed to $1 = £0.75. Given this
change, we would say that the Canadian dollar has
while the British pound has
O depreciated; depreciated
O appreciated; depreciated
O appreciated; appreciated
O depreciated; appreciated
00
Transcribed Image Text:18 The exchange rate between the Canadian dollar and the British pound was initially $1 = £0.5. It then changed to $1 = £0.75. Given this change, we would say that the Canadian dollar has while the British pound has O depreciated; depreciated O appreciated; depreciated O appreciated; appreciated O depreciated; appreciated 00
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