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Other things the same, if the exchange rate changes from 2.3 Dinar per dollar to 7.6 Dinar per dollar, the dollar has a.appreciated and buys
Other things the same, if the exchange rate changes from 2.3 Dinar per dollar to 7.6 Dinar per dollar, the dollar has
a.appreciated and buys more foreign goods.
b.depreciated and buys fewer foreign goods.
c.appreciated and buys fewer foreign goods.
d.depreciated and buys more foreign goods.
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