Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
EllieIx88 EllieIx88
wrote...
Go to Answer
Posts: 174
Rep: 52 0
5 years ago
Suppose the exchange rate of the U.S. dollar was 1.50 British pounds = $1.00 (U.S.) on Wednesday, and on the following Monday the exchange rate was $0.75 (U.S.) = 1.00 British pound. Which of the following best describes what happened between Wednesday and the following Monday?
A) The U.S. dollar appreciated against the British pound.
B) The British pound appreciated against the U.S. dollar.
C) The U.S. dollar depreciated against the British pound.
D) Both answers B and C are correct.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
Read 53 times
1 Reply
Replies
Answer verified by a subject expert
nsaknsak
wrote...
#1
Posts: 146
Rep: 67 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

EllieIx88 Author
wrote...

5 years ago
Brilliant ツ
alpheratz
wrote...

Yesterday
Helped a lot
KaylenePig
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1430 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1129
  
 257
  
 1191
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: What's your favorite coffee beverage?