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If the exchange rate between the British pound and the U.S. dollar was $1 = 0.67 last month, and the ...

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If the exchange rate between the British pound and the U.S. dollar was $1 = 0.67 last month, and the ...

Question 1.

Expansionary monetary policy causes the exchange rate to depreciate.

▸ true

▸ false

Question 2.

If the exchange rate between the British pound and the U.S. dollar was $1 = £0.67 last month, and the exchange rate is $1 = £0.72 this month, the U.S. dollar has appreciated relative to the British pound.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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Ilovebacon22 Author

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This helped my grade so much

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