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Bath is the currency of Thailand and Rupee is the Indian currency. On August 30, 22 the exchange rate between bath and rupee was, Ebath/rupee
Bath is the currency of Thailand and Rupee is the Indian currency. On August 30, 22 the exchange rate between bath and rupee was, Ebath/rupee = 0.52 and on September 1, the exchange rate between bath and rupee was, Erupee/bath = 1.9230. It implies that from August 30 to September 1, the following has happened:
A) bath has appreciated against rupee
B) bath has appreciated against rupee
C) the exchange rate between bath and rupee didnt change
D) relative prices in Thailand increased
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