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Answered

How would you describe the U.S. dollar if the foreign exchange rate between the U.S. dollar and British pound changed from 1:1 to 1:0.7?

AThe dollar is stable.
BThe dollar has strengthened.
CThe dollar has weakened.

Verified Answer :

oopsydaisy

One way to describe the U.S. dollar if the foreign exchange rate between the U.S dollar and British pound changed from 1:1 to 1:07 is the dollar has weakened. The correct answer is C.

Answer:

Option: C is correct.

( C. The dollar has weakened ).

Step-by-step explanation:

It is given that:

The foreign exchange rate between the U.S. dollar and British pound changed from 1:1 to 1:0.7.

i.e. earlier the U.S. dollar and British Pound were at the same rate.

Now the ratio has changed to 1:0.7

This means that the Dollar has weakened in comparison to the British Pound.

Hence, option: C is correct.

( C. The dollar has weakened )

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