In January 2002, the Argentine Peso changed in value from Peso1.00/$ to Peso1.40/$; thus, the Argentine Peso ________ against the U.S. dollar.
A) strengthened
B) weakened
C) remained neutral
D) all of the above

Question

Quizplus · Accepted Answer

When the value of a currency changes from Peso1.00/$ to Peso1.40/$, it means that it takes more Argentine Pesos to buy a U.S. dollar than before. This indicates that the Argentine Peso has weakened against the U.S. dollar.

In January 2002, the Argentine Peso Changed in Value from Peso1.00