the exchange rate of the schrute buck (sb) to the stanley nickel (sn) between 2016 and 2017 is given in the…

the exchange rate of the schrute buck (sb) to the stanley nickel (sn) between 2016 and 2017 is given in the table below.\nyear sb needed to buy 1 sn sn needed to buy 1 sb\n2016 5 0.2\n2017 4 0.25\nwhat can we definitely say happened between 2016 and 2017?\nchoose 1 answer:\na the sb can buy fewer goods domestically\nb the sb appreciated\nc the sb can buy more goods domestically\nd the real interest rate in the country that uses the sb decreased\ne the sb depreciated

the exchange rate of the schrute buck (sb) to the stanley nickel (sn) between 2016 and 2017 is given in the table below.\nyear sb needed to buy 1 sn sn needed to buy 1 sb\n2016 5 0.2\n2017 4 0.25\nwhat can we definitely say happened between 2016 and 2017?\nchoose 1 answer:\na the sb can buy fewer goods domestically\nb the sb appreciated\nc the sb can buy more goods domestically\nd the real interest rate in the country that uses the sb decreased\ne the sb depreciated

Answer

Brief Explanations:

In 2016, 0.2 SN was needed to buy 1 SB, and in 2017, 0.25 SN was needed to buy 1 SB. This means that the SB has become more valuable relative to the SN, which is called appreciation. We have no information about domestic - good - buying power or real interest rates.

Answer:

B. The SB appreciated