Suppose the exchange rate of U.S. dollars per British pound has changed from $1.90/£ to $1.50/£. This means that the
A) dollar depreciates from £0.67 pounds per $US to £0.53 per $US.
B) British pound appreciates against the dollar.
C) dollar cannot buy as much British goods as before.
D) dollar appreciates from £0.53 per $US to £0.67 per dollar.
Correct Answer:
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