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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
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
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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