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The global economy

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Question 33

Table 1: Colombian Peso (COP) Exchange Rates

CurrencyNumber of Colombian pesos (COP) bought in March 2021Number of Colombian pesos (COP) bought in March 2022
1 US dollar (USD)3,550.03,820.5
1 British pound (GBP)4,910.24,750.8

Using the information in Table 1, which currency depreciated from March 2021 to March 2022 in terms of Colombian pesos?

US dollar

British pound

Both the US dollar and the British pound

Neither the US dollar nor the British pound

The global economy Questions

  1. IGCSE
  2. /Economics
  3. /The global economy