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In January 2002, the Argentine Peso changed in value from Peso 1.00/$ to Peso 1.40/$, thus, the Argentine Peso ________ against the U.S. dollar. A. weakened B. strengthened C. remained neutral D. all of the above

Respuesta :

Answer:

A. weakened

Explanation:

$1 could buy 1 Argentine peso but later $1 would buy 1.4 Argentine peso. This indicates that the dollars could buy more quantity of peso. Peso became less expensive relative to the dollar. The value of peso weakened.

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