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Question
When the value of the dollar changes from 0.75 pounds to 0.5 pounds, then the pound has
a. appreciated against the dollar by 33.3%.
b. depreciated against the dollar by 33.3%.
c. appreciated against the dollar by 50.0%.
d. depreciated against the dollar by 50.0%.
Answer
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Related questions
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Considering the internal balance in an economy, which of the following could lead to lower interest rate and higher income?
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In foreign exchange forecasting, what is a good forecast?
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