If the U.K. pound sterling appreciates relative to the New Zealand dollar, which of the following correctly explains the change in relationship between the two currencies?
(1 point)
• The U.K.'s pound will become worth more compared to the New Zealand dollar.
• The U.K.'s pound will maintain the same exchange rate to the New Zealand dollar.
O The U.K.'s pound will become worth less compared to the New Zealand dollar.
O The U.K.'s pound will become worthless compared to the New Zealand dollar.
The correct explanation is:
- The U.K.'s pound will become worth more compared to the New Zealand dollar.