Consider the U.S. dollar and the British pound. When the dollar price per the British pound rises
A) the dollar depreciates against the pound.
B) the pound depreciates against the dollar.
C) the dollar appreciates against the pound.
D) U.S. imports from Britain rise.

Question

Quizplus · Accepted Answer

When the dollar price per the British pound rises, it means that it takes more dollars to buy a single pound, indicating that the value of the dollar has decreased in relation to the pound, or the dollar has depreciated against the pound.