On Monday Meghan buys 13 Mexican pesos per Canadian dollar, and on Wednesday she buys 15 Mexican pesos per Canadian dollar.What has happened to the value of these two currencies?
A) The Canadian dollar has appreciated, and the Mexican peso has appreciated.
B) The Canadian dollar has depreciated, and the Mexican peso has depreciated.
C) The Canadian dollar has appreciated, and the Mexican peso has depreciated.
D) The Canadian dollar has depreciated, and the Mexican peso has appreciated.
Correct Answer:
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