Asked by
Yaire Rivera
on Nov 26, 2024Verified
If the U.S. dollar appreciates relative to the British pound, then
A) the pound will appreciate relative to the U.S. dollar.
B) the pound will depreciate relative to the U.S. dollar.
C) British goods will be more expensive for Americans.
D) American goods will be less expensive for the British.
Appreciates
Refers to an increase in the value of an asset or currency against other currencies or assets.
Depreciates
A decline in the value of an asset over time due to wear and tear, obsolescence, or market conditions.
British Pound
The official currency of the United Kingdom, also known as GBP or Sterling.
- Understand the significance of exchange rate alterations on the relative value of currencies specific to nations.
- Absorb the foundational concepts related to the rise and fall of currency value.
Verified Answer
HC
Learning Objectives
- Understand the significance of exchange rate alterations on the relative value of currencies specific to nations.
- Absorb the foundational concepts related to the rise and fall of currency value.