Q.24 Which of the following examples definitely illustrates a depreciation of the U.S. dollar? A. The dollar exchanges for 1 pound and then exchanges for 1.2 pounds. B. The dollar exchanges for 250 yen and then exchanges for 275 francs. C. The dollar exchanges for 100 francs and then exchanges for 120 yen. D. The dollar exchanges for 120 francs and then exchanges for 100 francs E. Both A and D are correct
Q.24 Which of the following examples definitely illustrates a depreciation of the U.S. dollar? A. The dollar exchanges for 1 pound and then exchanges for 1.2 pounds. B. The dollar exchanges for 250 yen and then exchanges for 275 francs. C. The dollar exchanges for 100 francs and then exchanges for 120 yen. D. The dollar exchanges for 120 francs and then exchanges for 100 francs E. Both A and D are correct
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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