Suppose that on a Monday,the US - UK bilateral exchange rate is such that $5 = £2. By Friday,$6 = £3. Then
A) the pound has depreciated by 20% of its initial value
B) the dollar has appreciated by 20% of its initial value
C) the pound has appreciated by 30% of its initial value
D) the pound has depreciated by 25% of its initial value
E) neither currency has appreciated or depreciated
Correct Answer:
Verified
Q12: Which of the following conditions leads to
Q13: The next questions refer to the following.
Suppose
Q14: For most currencies,the nominal bilateral exchange rate
Q15: Suppose the same automobile is produced by
Q16: If the US dollar appreciates 10% against
Q18: The nominal exchange rate is
A) the difference
Q19: Imagine that the dollar appreciates 10% against
Q20: For which of the following goods would
Q21: The next questions refer to the following.
During
Q22: In the 1980s there was much debate
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