Q. Which of the following examples definitely illustrates a depreciation of the U.S. dollar? (Solved)
1. The dollar exchanges for 1 pound and then exchanges for 1.2 pounds.
2. The dollar exchanges for 250 yen and then exchanges for 275 francs.
3. The dollar exchanges for 100 francs and then exchanges for 120 yen.
4. The dollar exchanges for 120 francs and then exchanges for 100 francs
- d. The dollar exchanges for 120 francs and then exchanges for 100 francs