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Economics

If the exchange rate between the dollar and the pound (the pound price of the dollar) is 1.50, and is expected to be 1.65 in one year, then the expected rate of:

A) appreciation of the dollar is 15%.

B) depreciation of the dollar is 15%.

C) appreciation of the dollar is 10%.

D) depreciation of the dollar is 10%.

E) none of the above

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91232013

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