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Author Question: An increase in the dollar price of foreign currency constitutes an appreciation of the U.S. ... (Read 65 times)

lracut11

  • Hero Member
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  • Posts: 536
on: Jun 30, 2018
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


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ky860224

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


lracut11

  • Member
  • Posts: 536
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ghepp

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Reply 3 on: Yesterday
Excellent

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