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Over the last year the British pound went from $ 1.45 per pound to $1.225 per pound. What is the percentage appreciation or depreciation of
Over the last year the British pound went from $ 1.45 per pound to $1.225 per pound. What is the percentage appreciation or depreciation of the pound against the U. S. dollar?
a. The pound depreciated against the dollar by about 18%.
b.The pound depreciated against the dollar by about 8%.
c.The pound appreciated against the dollar by about 8%.
d.The pound appreciated against the dollar by about 18%.
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