Suppose the exchange rate has moved from $1.40 per pound to $2.00 per pound.This means the:
A) dollar depreciates from 0.71 pounds per dollar to 0.50 pounds per dollar.
B) pound depreciates against the dollar.
C) dollar can buy more British goods than before.
D) dollar appreciates from 0.50 pounds per dollar to 0.71 pounds per dollar.
Correct Answer:
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