If you go to the bank and notice that a dollar buys more Mexican pesos than it used to, then the dollar has
A) appreciated. Other things the same, the appreciation would make you less likely to travel to Mexico.
B) appreciated. Other things the same, the appreciation would make you more likely to travel to Mexico.
C) depreciated. Other things the same, the depreciation would make you less likely to travel to Mexico.
D) depreciated. Other things the same, the depreciation would make you more likely to travel to Mexico.

Question

Quizplus · Accepted Answer

When the dollar appreciates, it means it has increased in value relative to the Mexican peso, making it cheaper for you to travel to Mexico as your dollar can buy more pesos.

If You Go to the Bank and Notice That a Dollar