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?
A. The dollar is stable.
B. The dollar has strengthened.
C. The dollar has weakened.

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.

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virtuematane virtuematane · Answer 2 · 2019-02-21T09:24:20+01:00

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 )

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? A. The dollar is stable. B. The dollar has strengthened. C. The dollar has weakened.

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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?
A. The dollar is stable.
B. The dollar has strengthened.
C. The dollar has weakened.