Foreign Exchange Market 1) When the value of the British pound changes from $1.25 to $1.50, the pound has ________ and the U.S. dollar has ________. 

A) appreciated; appreciated 

B) depreciated; appreciated 

C) appreciated; depreciated 

D) depreciated; depreciated

2) When the value of the British pound changes from $1.50 to $1.25, then the pound has ________ and the U.S. dollar has ________. 

A) appreciated; appreciated 

B) depreciated; appreciated 

C) appreciated; depreciated 

D) depreciated; depreciated