Asked by
Gracious Israel
on Nov 26, 2024
Verified
If the exchange rate changes so that more Mexican pesos are required to buy a dollar, then
A) the peso has appreciated in value.
B) Americans will buy more Mexican goods and services.
C) more U.S. goods and services will be demanded by the Mexicans.
D) the dollar has depreciated in value.
Exchange Rate
An economic measure that indicates how much one currency is worth in terms of another and is used in international financial transactions.
Mexican Pesos
The currency of Mexico, represented by the symbol $ or MX$ to differentiate it from other dollar-denominated currencies.
Appreciated
An increase in the value of an asset over time, often used in the context of currency, real estate, or financial investments.
- Absorb the understanding of how economic conditions within a country are affected by the appreciation and depreciation of its currency.
- Grasp the dynamics of exchange rates and their impact on international trade.
Verified Answer
TS
Learning Objectives
- Absorb the understanding of how economic conditions within a country are affected by the appreciation and depreciation of its currency.
- Grasp the dynamics of exchange rates and their impact on international trade.