1A. Suppose the exchange rate for the British pound was $1.7188/ one year ago. The current spot rate is $1.9586/. This means that: a. The U.S. dollar has appreciated. b. The U.S. dollar has depreciated. C. The British pound has appreciated. d. The British pound has depreciated. e. Both a and d are true. f. Both b and c are true. 1B. What was the percentage change in the purchase price of the British pound? a. 40.00% b. 13.95% c. 12.24% d. 5.55%