Question 4 The following table shows the number of U.S. dollars required to buy

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Question 4 The following table shows the number of U.S. dollars required to buy one British pound betw February 1, 2016, and September 1, 2016. Use this table to answer the following questions U.S. Dollars Required to Buy 1 British Pound 1.429 1.425 1.432 1.452 1.420 1.313 1.310 1.314 ate February 1, 2016 March 1, 2016 April 1, 2016 lay 1, 2016 June 1, 2016 July 1, 2016 ugust 1, 2016 September 1, 2016 Between March 1, 2016, and April 1, 2016, the U.S. dollar against the British und, and the British pound against the US. dollar. depreciated, appreciated appreciated; depreciated neither appreciated nor depreciated; depreciated depreciated; neither appreciated nor depreciated O neither appreciated nor depreciated; neither appreciated nor depreciated Question 5

Explanation / Answer

Answer:- depreciated; appreciated

Between March 1,2016 and April 1, 2016, the US Dollar depreciated against the British pound; and the British pound appreciated against the British dollar.

As we find by the date provided on March 1, 1.425 dollars were needed to buy 1 british pound as against 1.432 dollars needed on 1st april. This means to buy the same no. of british pound on 1st april more US dollars were needed. Thus the value of US dollars depreciated in the given time period and the British pound appreciated.

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