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Yesterday, a u.s. dollar traded for .83 british pounds. today, the u.s. dollar trades for .95 british pounds. it is accurate to say?

Sagot :

Yes it is accurate to say that Yesterday, a u.s. dollar traded for .83 british pounds. today, the u.s. dollar trades for .95 british pounds because the British pound has depreciated in value relative to the U.S. dollar.

What is deprecation of value ?

Depreciation is the value reduction that happens as a result of the use or depreciation of an item. The value of an item once depreciation is taken into account is the item's total depreciated value. Through a mathematical formula, you will calculate this value by taking into account the item's original cost, its scrap value, and its anticipated lifespan.

To know more about deprecation value, check the link below: https://brainly.com/question/25297296

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