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Q. |
Which of the following examples definitely illustrates a depreciation of the U.S. dollar? |
A. | The dollar exchanges for 1 pound and then exchanges for 1.2 pounds. |
B. | The dollar exchanges for 250 yen and then exchanges for 275 francs. |
C. | The dollar exchanges for 100 francs and then exchanges for 120 yen. |
D. | The dollar exchanges for 120 francs and then exchanges for 100 francs |
Answer» D. The dollar exchanges for 120 francs and then exchanges for 100 francs |
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