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At the beginning of your vacation to colombia, the exchange rate between colombia peso (COP) and dollar in Florida was COP 3200.00/$. At teh end
At the beginning of your vacation to colombia, the exchange rate between colombia peso (COP) and dollar in Florida was COP 3200.00/$. At teh end of your vacation, it was COP 3318/$. You look at figures from the perspective of a u.s citizen. For you, this is,
a. an appreciation of the dollar
b. a depreciation of COP
c. a depreciation of the dollar
d. two answers in this question are correct
e. an appreciation of COP
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