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NYC NYC
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8 years ago
Suppose the exchange rate between the United States and Mexico changed from $1 =120 pesos to $1 = 100 pesos, which of the following statements is true?
A) the peso depreciated
B) the dollar appreciated
C) the price of peso in dollars decreased
D) all of the above
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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