If the exchange rate changes from $0.08 = 1 mexican peso to $0.09 = 1 mexican peso, then
A) the peso has depreciated and the dollar has appreciated.
B) both the peso and dollar have appreciated.
C) both the peso and dollar have depreciated.
D) the peso has appreciated and the dollar has depreciated.
D
Economics
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A currency board is set up to:
a. manage free-floating currencies. b. gradually eliminate currency pegs. c. give a peg added durability. d. immediately eliminate currency pegs.
Economics
Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. To Liza,
A) ice cream and hot fudge and substitutes. B) ice cream is a normal good and hot fudge is an inferior good. C) ice cream and hot fudge are normal goods. D) ice cream and hot fudge are complements.
Economics