Which of the following changes in the exchange rate represents a depreciation of the dollar?
a. 100 yen = $1 to 110 yen = $1
b. 1 yen = $.10 to 1 yen = $.08
c. 1 pound = $3 to 1 pound = $4
d. $1 = 25 rubles to $1 = 30 rubles
e. 20 euros = $10 to 25 euros= $10
C
You might also like to view...
How has growth in M2 minus the growth in real GDP compared to the inflation rate in the United States?
What will be an ideal response?
Buying assets like stocks and bonds is a way to:
A. save. B. invest. C. spend. D. be a market maker.
Between 1999 and 2015, throughout the world more children attended school:
A. only in those countries with strong economic growth. B. only in those countries with free college education. C. even in countries that did not experience strong economic growth. D. which contributed to the drop in family cohesiveness in developing countries.
In monopolistically competitive market structure, because each good sold in the market is ____, each firm is considered a ____
a. slightly different; price maker b. slightly different; price taker c. the same; price maker d. the same; price taker