The exchange rate of the US Dollar to the British Pound between June and December 2020 is given in the table below. Dollars needed to buy 1 British Pounds needed to buy British Pound 1 dollar June 2020 1.25 0.80 Dec 2020 1.36 0.73 What happened between June and December? The British Pound appreciated against the dollar The British Pound depreciated against the dollar The dollar appreciated against the British Pound You need more pounds to buy 1 dollar Question 4 10 pts True or false? Japanese residents wanting to buy more goods exported from the U.S. would decrease the demand in the foreign exchange market for the U.S. dollar. Explain your answer. Edit View Insert Format Tools Table 12pt