Exhibit 35-5 Refer to Exhibit 35-5. Based on the information provided in this table, between Monday and Tuesday, the U.S. dollar ____________ against the Thai baht and the baht _____________ against the U.S. dollar.

Question

Exhibit 35-5  Refer to Exhibit 35-5.  Based on the information provided in this table, between Monday and Tuesday, the U.S. dollar ____________ against the Thai baht and the baht _____________ against the U.S. dollar.

Quizplus · Accepted Answer

From the table, we can see that the exchange rate for USD/THB increased from 31.42 to 31.49 between Monday and Tuesday, indicating that the U.S. dollar appreciated against the Thai baht. Conversely, the exchange rate for THB/USD decreased from 0.03179 to 0.03173, indicating that the Thai baht depreciated against the U.S. dollar. Therefore, the correct answer is C.