If on Monday you can buy 13 Mexican pesos per U.S. dollar and on Wednesday you can buy 15 Mexican pesos per U.S. dollar,
a. both the U.S. dollar and the Mexican peso have appreciated
b. both the U.S. dollar and the Mexican peso have depreciated
c. the U.S. dollar has appreciated and the Mexican peso has depreciated
d. the U.S. dollar has depreciated and the Mexican peso has appreciated
e. the Mexican peso has appreciated and the U.S. dollar has remained constant
C
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