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This Question: 1 pt 17 of 21 (0 complete) This Quiz: 25 pts possible Santa Ana Company, a U.S. company, purchased merchandise on account from
This Question: 1 pt 17 of 21 (0 complete) This Quiz: 25 pts possible Santa Ana Company, a U.S. company, purchased merchandise on account from a company in England. The price was 1,000 British pounds. At the time of the purchase, the exchange rate for a British pound was $1.52. At the time Santa Ana Company paid for the merchandise, the exchange rate for a British pound was $1.55. What can be said about the pound relative to the U.S. dollar? O A. The pound weakened and the U.S. dollar strengthened over time. O B. The pound strengthened and the U.S. dollar weakened over time. O C. The pound and U.S. dollar weakened over time. O D. The pound and U.S. dollar strengthened over time
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