Can the US

question 177

Multiple Choice

Can the U.S.dollar and the European euro both appreciate relative to each other?

• A)Yes, both countries can gain in this manner.
• B)Yes, provided the central banks permit it.
• C)No, unless there is a system of fixed exchange rates.
• D)No, if one currency appreciates, the other must depreciate.

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Characterized by or involving competition; striving to gain or win something by defeating or establishing superiority over others.

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An approach or philosophy that emphasizes the importance of building and maintaining relationships within a community.

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