When the exchange rate for the Mexican peso changes from 9 pesos to the U.S. dollar to 10 pesos to the U.S. dollar,then the Mexican peso has ________ and the U.S. dollar has ________.

Question

Quizplus · Accepted Answer

When the exchange rate for the Mexican peso increases from 9 pesos to the U.S. dollar to 10 pesos to the U.S. dollar,it means that the Mexican peso has depreciated (lost value) and the U.S. dollar has appreciated (gained value).

When the Exchange Rate for the Mexican Peso Changes from 9