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18 Suppose that the exchange rate of the U.S. dollar was $0.60 per Chinese yuan on Thursday, and on Friday the exchange rate was $0.65

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18 Suppose that the exchange rate of the U.S. dollar was $0.60 per Chinese yuan on Thursday, and on Friday the exchange rate was $0.65 Which of the following best describes what happened between Thursday and Friday? d Out of Select one: a. Both answers B and C are correct. b. The Chinese yuan appreciated against the dollar, c. The U.S. dollar depreciated against the Chinese yuan, od. The U.S. dollar appreciated against the Chinese yuan. n 19 Liquid currencies are less likely to experience a sudden change in price. od Select one: out of a. true b. false 7

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