Foreign exchange rates refer to the   price at which purchases and sales of foreign goods take place movement of goods and services from one nation to another price of one nation's currency in terms of another nation's currency difference between exports and imports in a particular nation When the exchange rate between pounds and dollars moves from $2 = 1 pound to $1 = 1 pound, we say that the dollar has   appreciated  depreciated inflated deflated

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Foreign exchange rates refer to the  

price at which purchases and sales of foreign goods take place

movement of goods and services from one nation to another

price of one nation's currency in terms of another nation's currency

difference between exports and imports in a particular nation

When the exchange rate between pounds and dollars moves from $2 = 1 pound to $1 = 1 pound, we say that the dollar has  

appreciated 

depreciated

inflated

deflated

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