Question

Other things the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar Group of answer choices appreciates and buys more Mexican goods. appreciates and buys fewer Mexican goods. depreciates and buys more Mexican goods. depreciates and buys fewer Mexican goods.

Answer 1

Other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar (A) appreciates and buys more Mexican goods.

What is the exchange rate?

• An exchange rate is a rate at which one currency is exchanged for another in finance.
• Currencies are most typically national currencies, although they can also be sub-national, as in Hong Kong, or supra-national, as in the euro.
• The value of one country's currency in respect to another currency is also referred to as the exchange rate.
• Other things remain constant, if the exchange rate increases from 20 pesos to 30 pesos, the dollar appreciates and buys more Mexican items.

Therefore, other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar (A) appreciates and buys more Mexican goods.

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The correct question is given below:

Other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar ________.

The group of answer choices

(A) appreciates and buys more Mexican goods.

(B) appreciates and buys fewer Mexican goods.

(C) depreciates and buys more Mexican goods.

(D) depreciates and buys fewer Mexican goods.