In 1999,one Dollar Was Exchanged for One Euro

question 74

Multiple Choice

In 1999,one dollar was exchanged for one euro.In 2010,one dollar was exchanged for 1.4 euros.We know that over period 1999-2010,the euro

• A)appreciated against the dollar.
• B)depreciated against the dollar.
• C)was at par with the dollar.
• D)and the dollar appreciated against all other currencies.
• E)and the dollar depreciated against all other currencies.

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