Author Question: An increase in the dollar price of foreign currency constitutes an appreciation of the U.S. ... (Read 77 times)

lracut11 · **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