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The Figure Given Below Depicts the Foreign Exchange Market for British

Question 119

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The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2
The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2 -Appreciation of the dollar means that now it takes more dollars to buy one unit of foreign currency.
-Appreciation of the dollar means that now it takes more dollars to buy one unit of foreign currency.

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