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

Question

Quizplus · Accepted Answer

When the value of the British pound goes from $1.25 to $1.50, it means that the pound has increased in value compared to the US dollar. This is known as an appreciation of the pound. However, since the question does not provide any information about the Canadian dollar, we cannot make a definitive statement about whether it has also appreciated or depreciated. Therefore, option C is the best choice, which only provides an answer for the British pound.

When the Value of the British Pound Changes from $1