The US Dollar-To-Euro Exchange Rate Was $1 = 0

question 33

Multiple Choice

The US dollar-to-euro exchange rate was $1 = 0.921384 euro yesterday. Today, the US dollar-to-euro exchange rate is $1 = 0.891560. This means that between yesterday and today, the

• A)dollar has appreciated against the euro.
• B)dollar has gained in value against the euro.
• C)dollar has depreciated against the euro.
• D)euro has weakened against the dollar.

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Definitions:

In Rem Jurisdiction

A legal term referring to the power a court has to adjudicate over property located within its territorial boundaries, regardless of the owner's location.

Breached Contract

Occurs when one party fails to fulfill any of its contractual obligations, thereby violating the terms of the contract.

Judgment

The official decision or finding made by a court at the end of a lawsuit.

Diversity of Citizenship

A legal principle that allows federal courts in the United States to hear cases where the parties involved are citizens of different states or countries.