Refer to Figure 14.1 for the following questions.
Figure 14.1

-Consider the market for dollars against the British pound shown in Figure 14.1. From this graph, we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.
A)decreased; 0.46
B)increased; 2.17
C)decreased; 2.00
D)increased; 0.50

Question

Refer to Figure 14.1 for the following questions.
Figure 14.1
 
-Consider the market for dollars against the British pound shown in Figure 14.1. From this graph, we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.
A)decreased; 0.46 
B)increased; 2.17 
C)decreased; 2.00 
D)increased; 0.50

Quizplus · Accepted Answer

We can see from the graph that the exchange rate has moved from 0.46 dollars per pound to 2.17 dollars per pound, indicating an increase in the dollar price of a British pound.

Refer to Figure 14.1 for the Following Questions