Other things the same, if the exchange rate goes from 0.35 Kuwaiti dinar per U.S. dollar to 0.40 Kuwaiti dinar per U.S. dollar, the U.S. dollar a. Depreciated and so buys more Kuwaiti goods b. Appreciated and so buys more Kuwaiti goods c. Depreciated and so buys less Kuwaiti goods d. Appreciated and so buys less Kuwaiti goods e. not enough information given.
Added by Megan R.
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The exchange rate is the price of one currency in terms of another currency. In this case, it is the price of the U.S. dollar in terms of the Kuwaiti dinar. Show more…
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