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If the pound sterling exchange rate a year ago was $1.25 and now it is $1.30, then which of the following statement is true? The

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If the pound sterling exchange rate a year ago was $1.25 and now it is $1.30, then which of the following statement is true? The dollar has appreciated by 4.00% The dollar has depreciated by 3.85% The pound has appreciated by 3.85% The pound has depreciated by 4.00%

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