One U.S. dollar was worth 16 Mexican pesos in 2015, but in 2019 the U.S. dollar was worth 19 Mexican pesos. This means that in 2019 people received a higher value of Mexican currency in exchange for their U.S. currency.
Based on this information, which statement is true?
Demand for pesos decreased between 2015 and 2019, and demand for the U.S. dollar increased.
Mexican businesses made less money than American businesses between 2015 and 2019.
Demand for the U.S. dollar decreased between 2015 and 2019, and demand for pesos increased.
Fewer U.S. dollars were in circulation in 2015 than in 2019.
Statement 2, I believe it is because the U.S dollar stayed the same and the amount of Pesos increased by 3 but that doesn’t mean that the value changed here in America
