c)  appreciated; depreciated

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter18: International Trade And Finance
Section: Chapter Questions
Problem 14SQ
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Question

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

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