The Value of the Euro Against the U

question 47

Multiple Choice

The value of the euro against the U.S. dollar when it began public trading on January 1, 2002 was $0.89139/€. Ten years later on January 1, 2012 the exchange rate was $1.29568/€. What was the average annual change in the value of the U.S. dollar over this 10-year period?

• A) less than or equal to 0%
• B) more than 0% and less than or equal to 5%
• C) more than 5% and less than or equal to 10%
• D) more than 10% and less than or equal to 15%
• E) more than 15%

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.