The value of the British pound changed from $1.40 to $1.15. We can say that the pound has ________ and the dollar has ________.

Question

Quizplus · Accepted Answer

When the value of a currency decreases, it is said to have depreciated, and when the value of a currency increases, it is said to have appreciated. In this case, the value of the pound decreased from $1.40 to $1.15, meaning that the pound depreciated. Conversely, the value of the dollar increased relative to the pound, meaning that the dollar appreciated. Therefore, the correct answer is A) depreciated; appreciated.

The Value of the British Pound Changed from $1