If the dollar price of the English pound goes from $1.30 to $1.10, the dollar has
A) appreciated, and the English will find U.S. goods cheaper.
B) appreciated, and the English will find U.S. goods more expensive.
C) depreciated, and the English will find U.S. goods cheaper.
D) depreciated, and the English will find U.S. goods more expensive.

Question

Quizplus · Accepted Answer

The Answer of If the dollar price of the English pound goes from $1.30 to $1.10, the dollar has
A) appreciated, and the English will find U.S. goods cheaper.
B) appreciated, and the English will find U.S. goods more expensive.
C) depreciated, and the English will find U.S. goods cheaper.
D) depreciated, and the English will find U.S. goods more expensive.

If the Dollar Price of the English Pound Goes from $1.30