1 . (1pt) W h ich o n e o f t h e f o ll o w i n g stat e m
1. (1pt) Which one of the following statements is correct given the following exchange rates?
Country Us $ per 1 Foreign Unit
Fri Thur
0.1028 0.1023
0.0284 0.0286
South Africa
Thiland
A. On Thursday, one U.S. dollar was equal to 0.1023 South African rand.
B. On Friday, one Thai baht was equal to $35.21.
C. Both the South African rand and the Thai baht appreciated against the U.S. dollar from Thursday to Friday.
D. The South African rand appreciated from Thursday to Friday against the U.S. dollar.
E. The U.S. dollar depreciated from Thursday to Friday against the Thai baht.
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Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
