In the Summer of 2002 the Euro Was Valued at Slightly

question 47

Multiple Choice

In the summer of 2002 the euro was valued at slightly less than US$1. By 2008, it had risen to an all-time high of $1.60, but in early 2016, the euro and the dollar were nearly equivalent. This change in value represents

• A)interest destabilization.
• B)inflation.
• C)recession.
• D)foreign currency fluctuations.
• E)global financial impact.

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