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9. Exchange rate changes Please refer to Table 1 of the datafile. If the mid-rates change to EUR/USD 1.0593 and GBP/EUR 1.1808 respectively, then the

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9. Exchange rate changes Please refer to Table 1 of the datafile. If the mid-rates change to EUR/USD 1.0593 and GBP/EUR 1.1808 respectively, then the GBP would against USD by ___? a) depreciate; 2.0% b) depreciate; 5.9% Oc) appreciate; 5.9% d) appreciate; 2.0% mid EUR/USD GBP/EUR bid 1,0992 1,1152 ask 1,0996 1,1146

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