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Suppose you could buy 1,320 South Korean won or 78 Pakistani rupees last year for $1. Today, $1 will buy you 1,318 won or 80
Suppose you could buy 1,320 South Korean won or 78 Pakistani rupees last year for $1. Today, $1 will buy you 1,318 won or 80 rupees. Which one of the following occurred over the past year?
The dollar appreciated against the won. | |
The dollar depreciated against the rupee. | |
The dollar appreciated against both the won and the rupee. | |
The won depreciated against the dollar. | |
The rupee depreciated against the dollar. |
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