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QUESTION
The US dollar is currently trading for 1.31 Bulgarian levas per dollar. If the exchange rate adjusts to 1.5 Bulgarian levas per 1 US dollar, then A....
The US dollar is currently trading for 1.31 Bulgarian levas per dollar. If the exchange rate adjusts to 1.5 Bulgarian levas per 1 US dollar, then
A. the BGN has appreciated
B. the US dollar has appreciated
C. the US dollar has depreciated
D. both the BGN and the US dollar have appreciated
E. both the BGN and the US dollar have depreciated
