Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Question
Chapter 28, Problem 14SQ
To determine
The situation in the economy.
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Students have asked these similar questions
24
When the value of the British pound changes from $1.25 to $1.50, the pound has ________ and the U.S. dollar has ________.
Question 24 options:
a)
depreciated; depreciated
b)
depreciated; appreciated
c)
appreciated; depreciated
d)
appreciated; appreciated
A currency depreciates if it buys less of a foreign currency than it did before. The US dollar depreciated against what currency(a) from month 1 to month 2? Explain using the chart
When Country A’s currency becomes more valuable relative to Country B’s currency, we say that Country A’s currency has __________ relative to Country B’s currency?
a) appreciated
b) depreciated
c) stagnated
d) shifted
Chapter 28 Solutions
Economics For Today
Ch. 28.4 - Prob. 1GECh. 28.6 - Prob. 1GECh. 28 - Prob. 1SQPCh. 28 - Prob. 2SQPCh. 28 - Prob. 3SQPCh. 28 - Prob. 4SQPCh. 28 - Prob. 5SQPCh. 28 - Prob. 6SQPCh. 28 - Prob. 7SQPCh. 28 - Prob. 8SQP
Ch. 28 - Prob. 9SQPCh. 28 - Prob. 10SQPCh. 28 - Prob. 11SQPCh. 28 - Prob. 1SQCh. 28 - Prob. 2SQCh. 28 - Prob. 3SQCh. 28 - Prob. 4SQCh. 28 - Prob. 5SQCh. 28 - Prob. 6SQCh. 28 - Prob. 7SQCh. 28 - Prob. 8SQCh. 28 - Prob. 9SQCh. 28 - Prob. 10SQCh. 28 - Prob. 11SQCh. 28 - Prob. 12SQCh. 28 - Prob. 13SQCh. 28 - Prob. 14SQCh. 28 - Prob. 15SQCh. 28 - Prob. 16SQCh. 28 - Prob. 17SQCh. 28 - Prob. 18SQCh. 28 - Prob. 19SQCh. 28 - Prob. 20SQ
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Similar questions
- A British pound cost 2.00 in U.S. dollars in 2008, but 1.27 in U.S. dollars in 2017. Was the pound weaker or stronger against the dollar? Did the dollar appreciate or depreciate versus the pound?arrow_forwardShow an effect of a sale of dollars and a purchase of foreign assets (unsterilized intervention). Will dollar appreciate or depreciate? Draw a diagram.arrow_forwardQuestion 5 If an American went back to the same Paris hotel room she enjoyed five years ago and noticed it was still priced at 100 Euros as it used to be ... and she was very very happy...why? a. the Euro had appreciated b. she's confused, she should not have been pleased at all. c. the dollar may have appreciated in value. d. the dollar had depreciatedarrow_forward
- Yesterday I could buy $1.35 by paying £1. Today I have to pay 97p to buy $1.35. What had happened to the pound and what effect will it have? a) It has depreciated and now British citizens will buy more American products b) It has been devalued and now British citizens will buy more American products c) It has appreciated and now Americans will buy fewer British products d) It has been revalued and now the UK inflation rate will decreasarrow_forward10) When policy makers decide to revalue the currency, such an action generally represents A) an increase in the pegged value of the domestic currency. B) a decision to let the currency float. C) a reduction in the foreign price level. D) an increase in the domestic price level.arrow_forwardAn appreciation of the domestic currency relative to a foreign currency will: A. Make domestic goods more expensive for foreign buyers. B. Make foreign goods more expensive for domestic buyers. C. Decrease the price of domestic goods in the domestic market. D. Increase the trade deficit.arrow_forward
- Devaluation can help boost country’s exports, slash trade deficit by shrinking imports, encourages import substitution and brings competitiveness in its manufacturing processes. During last three years, Pakistan devalued its currency by almost 40%. Did Pakistan achieve aforesaid objectives of PKR devaluation; Explain briefly?arrow_forward1. Depreciation and Appreciation of currency. a. Please thoroughly and completely explain how the US dollar might depreciate relative to another currency, and how that would impact U.S. GDP. b.Please thoroughly and completely explain how the US dollar might appreciate relative to another currency, and how that would impact U.S. GDP.arrow_forward32. An increase in productivity in a country will cause its currency to ________ because it can produce goods at a ________ price, everything else held constant. Question 32 options: a) appreciate; lower b) depreciate; higher c) appreciate; higher d) depreciate; lowerarrow_forward
- Year 2014 2015 2016 US $ 1$ 1$ 1$ Canada $ $1.25 $1.35 $1.45 Based on the Exchange rates above, Which of the following is true? A)Fewer Canadian $ are needed to buy a US$ B)The Canadian $1 is more expensive and is appreciating C)The $1 is more expensive and is appreciating D)The dollar has lost valuearrow_forwardThe exchange rate between the U.S. dollar and the British pound starts at $1 = £0.5. It then changes to $1 = £0.75. Given this change, we would say that the U.S. dollar has while the British pound has . a. Depreciated; appreciated. b. Depreciated; depreciated. c. Appreciated; depreciated. d. Appreciated; appreciatedarrow_forward
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