Other things the same,if the exchange rate changes from 75 Algerian dinar per dollar to 72 Algerian dinar per dollar,the dollar has
A)appreciated and so buys more Algerian goods.
B)appreciated and so buys fewer Algerian goods.
C)depreciated and so buys more Algerian goods.
D)depreciated and so buys fewer Algerian goods.

Question

Quizplus · Accepted Answer

The dollar has depreciated because it now exchanges for fewer Algerian dinars (from 75 to 72), meaning it buys fewer Algerian goods.

Other Things the Same,if the Exchange Rate Changes from 75