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4 International trade and the global economy

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Question 118

A foreign exchange quotation changes from 1 US dollar = £0.74 to 1 US dollar = £0.79. What does this movement indicate about the pound?

[1]
A

It depreciated against the US dollar, so each pound bought fewer dollars.

B

It was unchanged against the US dollar, as only the dollar was being priced.

C

It depreciated against the US dollar, so each dollar bought fewer pounds.

D

It appreciated against the US dollar, as the sterling amount increased.

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4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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