When the value of the dollar changes from 0.75 pounds to 0.5 pounds,then the pound has
A) appreciated against the dollar by 33.3%.
B) depreciated against the dollar by 33.3%.
C) appreciated against the dollar by 50.0%.
D) depreciated against the dollar by 50.0%.
Correct Answer:
Verified
Q11: The exchange rate is
A)the price of one
Q21: Which of the following countries has the
Q22: The Citibank trading desk quotes a buy
Q24: If the price of British pounds in
Q25: Assume that the dollar value of a
Q27: Assume that the dollar value of a
Q28: Use the following information to answer questions
Q29: Use the following information to answer questions
Q30: In foreign exchange trading,arbitrage has _ risk
Q31: Today 1 euro can be purchased for
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