The following table shows the number of U.S. dollars required to buy one British pound between September 3, 2012, and April 1, 2013. Use this table to answer the questions that follow.

-Between February 1,2013,and March 1,2013,the U.S.dollar ________ against the British pound,and the British pound ________ against the U.S.dollar.

Question

The following table shows the number of U.S. dollars required to buy one British pound between September 3, 2012, and April 1, 2013. Use this table to answer the questions that follow.
 
-Between February 1,2013,and March 1,2013,the U.S.dollar ________ against the British pound,and the British pound ________ against the U.S.dollar.

Quizplus · Accepted Answer

From the table, we can see that on February 1, 2013, it took $1.58 to buy one British pound. However, on March 1, 2013, it took only $1.52 to buy one British pound. This means that the U.S. dollar appreciated against the British pound (since it takes fewer dollars to buy one pound). Conversely, the British pound depreciated against the U.S. dollar (since it takes more pounds to buy one dollar). Therefore, the correct answer is B.

The Following Table Shows the Number of U