The following table shows the number of British pounds required to buy one U.S. dollar between February 1, 2016, and September 1, 2016. Use this table to answer the following questions.
-Between June 1,2016,and August 1,2016,the U.S.dollar ________ against the British pound,and the British pound ________ against the U.S.dollar.

Question

The following table shows the number of British pounds required to buy one U.S. dollar between February 1, 2016, and September 1, 2016. Use this table to answer the following questions. 
-Between June 1,2016,and August 1,2016,the U.S.dollar ________ against the British pound,and the British pound ________ against the U.S.dollar.

Quizplus · Accepted Answer

From the table, we can see that the number of British pounds required to buy one U.S. dollar decreased from 0.6831 on June 1, 2016, to 0.7541 on August 1, 2016. This means that the U.S. dollar appreciated against the British pound during this period. Conversely, the number of British pounds required to buy one U.S. dollar increased from 0.6831 on June 1, 2016, to 0.7541 on August 1, 2016. This means that the British pound depreciated against the U.S. dollar during this period. Therefore, the correct answer is B) appreciated; depreciated.

The Following Table Shows the Number of British Pounds Required