Suppose the peso- dollar foreign exchange rate changes from 50 pesos per dollar to 30 pesos per dollar. Then the peso has _ against the dollar and the dollar has against the peso.
A) depreciated; depreciated
B) depreciated; appreciated
C) appreciated; appreciated
D) appreciated; depreciated
Correct Answer:
Verified
Q39: Suppose the exchange rate of the U.S.
Q47: Given the U.S. price level P, the
Q48: The average exchange rate of the U.S.
Q49: Suppose that a dollar buys 120 yen.
Q50: The nominal exchange rate is
A) a measure
Q52: Given the U.S. price level P, the
Q53: Suppose that the yen- dollar foreign exchange
Q54: If the nominal exchange rate rises and
Q55: The real exchange rate is
A) the nominal
Q56: During the period 1998 to 2008, the
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