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The exchange rate between British Pound and Euro changed from 0.91 pound per euro to 0.9055 pounds per euro. Which of the following statements is
The exchange rate between British Pound and Euro changed from 0.91 pound per euro to 0.9055 pounds per euro. Which of the following statements is true?
- A. The euro has appreciated against the pound.
- B. The pound has depreciated against the euro.
- C. The pound has appreciated against the euro.
- D. Both a and b.
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