Author Question: In the foreign exchange market between the Mexican peso and the U.S. dollar, an excess supply of ... (Read 64 times)

MirandaLo · **on:** Apr 19, 2019

Question 1

If the exchange rate between the British pound and the U.S. dollar was $1 = £0.67 last month, and the exchange rate is $1 = £0.72 this month, the U.S. dollar has appreciated relative to the British pound.

◦ true
◦ false

Question 2

In the foreign exchange market between the Mexican peso and the U.S. dollar, an excess supply of Mexican pesos will result in a depreciation of the Mexican peso relative to the U.S. dollar.

◦ true
◦ false

shayla · **Reply #1 on:** Apr 19, 2019

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