Which one of the following four statements about the relationship between exchange rates and option values is correct?

Which one of the following four statements about the relationship between exchange rates and option values is correct?
A . As the dollar appreciates relative to the pound, the right to buy dollars at a fixed pound exchange rate decreases.
B . As the dollar appreciates relative to the pound, the right to buy dollars at a fixed pound exchange rate increases.
C . As the dollar depreciates relative to the pound, the right to buy dollars at a fixed pound exchange rate increases.
D . As the dollar appreciates relative to the pound, the right to sell dollars at a fixed pound exchange rate increases.

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Answer: B