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Give typed full solution and explanation In 2010, a British pound cost $1.56 in U.S. dollars. In 2020, a British pound costs $1.66 in U.S.

Give typed full solution and explanation

In 2010, a British pound cost $1.56 in U.S. dollars. In 2020, a British pound costs $1.66 in U.S. dollars.

In 2010 was the pound weaker or stronger than the U.S. dollar? (2 points)

Between 2010 and 2020, did the U.S. dollar appreciate or depreciate versus the pound? (2 points)

Calculate the cost of a U.S. dollar in terms of British pounds in 2020. (2 points)

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