Last year the exchange rate between U.S. dollars and Mexican pesos was 10 pesos per dollar. Today is it 11 pesos per dollar. Here, the dollar _________against the peso,_________ and the peso against the dollar
A) depreciated; depreciated
B) depreciated; appreciated
C) appreciated; appreciated
D) appreciated; depreciated

Question

Quizplus · Accepted Answer

The correct answer is D because the dollar appreciated against the peso (it is now worth more in pesos than it was before), while the peso depreciated against the dollar (it is now worth less in dollars than it was before).

Last Year the Exchange Rate Between U