When the value of the dollar changes from £0.5 to £0.75,then the British pound has ________ and the U.S. dollar has ________.

Question

Quizplus · Accepted Answer

The British pound has depreciated because it now takes more pounds (£0.75 instead of £0.5) to equal one dollar, indicating the pound is worth less relative to the dollar. Conversely, the U.S. dollar has appreciated because it can now buy more pounds than before, indicating it has increased in value relative to the pound.

When the Value of the Dollar Changes from £0