The Dominican peso started the year at 55 pesos / $1, but then fell to 50 pesos / $1 over the summer. Was the Dominican peso stronger or weaker against the US dollar? Did the US dollar appreciate or depreciate against the Dominican peso?
The Dominican peso started the year at 55 pesos / $1, but then fell to 50 pesos / $1 over the summer. Was the Dominican peso stronger or weaker against the US dollar? Did the US dollar appreciate or depreciate against the Dominican peso?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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- The Dominican peso started the year at 55 pesos / $1, but then fell to 50 pesos / $1 over the summer.
- Was the Dominican peso stronger or weaker against the US dollar?
- Did the US dollar appreciate or
depreciate against the Dominican peso?
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