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4 International trade and the global economy

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Question 185

The exchange rate changes from £1 = 1.30to£1=1.30 to £1 = 1.30to£1=1.20. What has happened to the pound?

[1]
A

It has appreciated by $0.10

B

It is unchanged because both rates use £1

C

The dollar has depreciated against the pound

D

It has depreciated against the dollar

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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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