For this we have to define both the depreciation and the appreciation. The depreciation is the increase in the domestic price of foreign currency and the appreciation is the decline in the domestic price of the foreign currency.
Between February 1 2016 and March 1 2016, there is less amount of U.S dollar required to purchase 1 British pound. In January it was $1.429 and then in the march it has declined to $1. 425 so there is a decline in the domestic price of the foreign currency that is the U.S dollar has appreciated against the British pound.
And for the Euro the U.S dollar has depreciated, it requires more amount U,S dollar to purchase 1 Euro in March 2016.
Ans: appreciated:depreciated.
The following table shows the number of U.S. dollars required to buy one British pound and...
DQuestion 36 2 pts The following table shows the number of U.S. dollars required to buy one British pound and the number of U.S. dollars required to buy one euro between February 1, 2016, and September 1, 2016: U.S. Dollars Required U.S. Dollars to Buy 1 British Pound 1.429 Required to Buy 1 Euro 1.1092 Date February 1, 2016 March 1, 2016 1.425 April 1, 2016 1.432 May 1, 20161.452 June 1, 2016 1.420 July 1, 20161.313 August 1, 2016...
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