When the U.S.dollar rises in value relative to the Mexican peso, the dollar has ________ and when the dollar falls in value, it has ________.

Question

Quizplus · Accepted Answer

When the U.S. dollar rises in value relative to the Mexican peso, it has appreciated because it can now purchase more pesos. Conversely, when the U.S. dollar falls in value, it has depreciated because it now requires more dollars to purchase the same amount of pesos.