If the dollar depreciates relative to the Peso, it can be said that
A) Mexican citizens no longer respect the United States.
B) the dollar falls in value within the United States.
C) it takes fewer dollars to buy Pesos.
D) the Peso appreciates relative to the dollar.

Question

Quizplus · Accepted Answer

If the dollar depreciates relative to the Peso, it means that the Peso appreciates relative to the dollar. This means that it would take more dollars to buy the same amount of Pesos, which implies a decrease in the value of the dollar. It does not necessarily reflect on the respect that Mexican citizens have for the United States.

If the Dollar Depreciates Relative to the Peso, It Can