Q
When the $/£ exchange rate rises the pound _____ and when the $/£ rates falls the pound ________?
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A
A. Depreciates, appreciates
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B
B. Revalues, devalues
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C
C. Appreciates, depreciates
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D
D. Becomes more expensive becomes cheaper
Correct Answer:
C. C. Appreciates, depreciates