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Question 4 Last year, the Pound was worth $ 1 . 8 5 0 0 . Today it is worth $ 1 . 5 9

Question 4
Last year, the Pound was worth $1.8500. Today it is worth $1.5910. What happened to the Dollar during this period?
It depreciated by 0.1628
It appreciate by 0.1400
It depreciated by 0.1400
It appreciate by 0.1628
None of the alternatives
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