If the US$ Weakens by 5% Relative to the Euro

question 130

Multiple Choice

If the US$ weakens by 5% relative to the euro (US$1.00 = €0.746826) , what will be the new value for the euro per US$1.00?

• A) €0.7842 per US$1.00
• B) €0.7095 per US$1.00
• C) €0.7861 per US$1.00
• D) €0.7113 per US$1.00
• E) €0.7855 per US$1.00