Banking and Finance 2 MCQ: When the value of the British pound changes from $1.50 to $1.25, the pound has ________ and the dollar has ________.

When the value of the British pound changes from $1.50 to $1.25, the pound has and the dollar has .

Correct Answer: depreciated; appreciated

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Banking and Finance 2 MCQ: When the value of the British pound changes from $1.50 to $1.25, the pound has ________ and the dollar has ________. | Extra Education