Based on the Exchange rates above, Which of the following is true? A)More pounds are needed to buy a dollar, so the dollar is appreciating B)The dollar is less expensive in pounds and is depreciating C)The dollar is growing stronger against the pound D)The dollar is more expensive in pounds and is appreciating Year 2014 2015 2016 US $ 1$ 1$ 1$ British Pound .85 .70 .60

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Based on the Exchange rates above, Which of the following is true?

A)More pounds are needed to buy a dollar, so the dollar is appreciating

B)The dollar is less expensive in pounds and is depreciating

C)The dollar is growing stronger against the pound

D)The dollar is more expensive in pounds and is appreciating

Year 2014 2015 2016
US $ 1$ 1$ 1$
British Pound .85 .70 .60
       
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