Refer to Figure 20.1 for the following questions.
Figure 20.1
-Consider the market for dollars against the British pound shown in Figure 20.1.From this graph,we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.
A) decreased; 0.46
B) increased; 2.17
C) decreased; 2.00
D) increased; 0.50

Question

Refer to Figure 20.1 for the following questions.
Figure 20.1 
-Consider the market for dollars against the British pound shown in Figure 20.1.From this graph,we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.
A) decreased; 0.46 
B) increased; 2.17 
C) decreased; 2.00 
D) increased; 0.50

Quizplus · Accepted Answer

From the graph, we can see that the exchange rate has moved from 0.46 dollars per pound to 2.17 dollars per pound, indicating that the dollar price of a British pound has increased. Hence, the correct choice is option B.

Refer to Figure 20.1 for the Following Questions