When the value of the British pound changes from $1.50 to $1.25,then the pound has ________ and the U.S. dollar has ________.

Name: When the value of the British pound changes from $1.50 to $1.25,then the pound has ________ and the U.S. dollar has ________.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

The British pound has depreciated because it now takes fewer dollars to buy a pound. Conversely, the U.S. dollar has appreciated because it can now buy more pounds than before.

When the Value of the British Pound Changes from $1