32.
A British pound cost $2.00 in U.S. dollars in 2008, but $1.27 in U.S. dollars in 2017. Was the pound weaker or stronger against the dollar? Did the dollar appreciate or depreciate versus the pound?
Principles of Economics 3e
Problems
Principles of Economics 3eProblems
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- Authors: Steven A. Greenlaw, David Shapiro, Daniel MacDonald
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- Book title: Principles of Economics 3e
- Publication date: Dec 14, 2022
- Location: Houston, Texas
- Book URL: https://openstax.org/books/principles-economics-3e/pages/1-introduction
- Section URL: https://openstax.org/books/principles-economics-3e/pages/29-problems
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