If,as a result of market forces,the exchange rate changes from $1 equals 11 pesos to $1 equals 9 pesos,then the dollar has
A) appreciated.
B) been revalued.
C) been devalued.
D) depreciated.
E) There is not enough information to answer the question.
Correct Answer:
Verified
Q78: The foreign exchange market is the market
Q79: When the official dollar price of a
Q80: When the equilibrium dollar price of a
Q81: If the equilibrium exchange rate is $1
Q82: To know whether the dollar is overvalued,we
Q84: The answer is: "The price of one
Q85: Suppose that the exchange rate between the
Q86: Suppose that the exchange rate between the
Q87: An American good with a price tag
Q88: There is a flexible exchange rate system
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents