An increase in the dollar price of foreign currency constitutes ...

[lracut11]

An increase in the dollar price of foreign currency constitutes an appreciation of the U.S. currency.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If Michelle can buy a woolen jacket for 40 yuan in China, and Rebecca pays 40 for the same jacket in the U.S., it implies that the exchange rate between these two nations is 10 yuan = 1.
 a. True
  b. False
  Indicate whether the statement is true or false

[ky860224]

Answer to Question 1

False

Answer to Question 2

False

[lracut11]

Excellent

[yeungji]

Thanks for the timely response, appreciate it