Suppose the exchange rate between the United States and Mexico changed from $1 =120 pesos to $1 = 100 pesos, which of the following statements is true?
A) The dollar appreciated.
B) The peso appreciated.
C) The price of peso in dollars increased.
D) The price of the dollar in pesos decreased.
Correct Answer:
Verified
Q241: Fiscal policies are
A) less effective when the
Q242: Which of the following policies tends to
Q243: Under a system of floating exchange rates,
Q245: Income increases in the United States. This
Q246: Under a system of floating exchange rates,
Q247: If the profitability of investment in the
Q250: The demand and supply of two countries'
Q253: Floating exchange rates are determined by
A) each
Q258: Why does the depreciation of a country's
Q259: An increase in U.S. imports from Switzerland
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents