Which one of the following occurred over the last year

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Reference no: EM13263360

Suppose you could buy 1,320 South Korean won or 78 Pakistani rupees last yer for $1. Today, $1 will buy you 1,318 won or 80 rupees. Which one of the following occurred over the last year?

A.) The dollar appreciated against the won
B.) The dollar depreciated against the rupee
C.) The dollar appreciated gainst both the won and the rupee
D.) The won depreciated against the dollar
E.) The rupee depreciated against the dollar


Reference no: EM13263360

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