If the Exchange Rate Changes from 1 Euro Per U

question 15

Multiple Choice

If the exchange rate changes from 1 euro per U.S.dollar to 1.2 euros per U.S.dollar,the Euro has:

• A)appreciated,since its value has increased.
• B)appreciated,since the price of U.S.dollars has increased.
• C)appreciated,making U.S.goods cheaper in European countries.
• D)depreciated,since its value has declined.
• E)depreciated,since its value has increased.

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Definitions:

Economics

The social science that studies how individuals, governments, and societies make choices about the allocation of resources to satisfy their wants and needs.

Educational Debt

The accumulation of debt by individuals as a result of borrowing money to finance their education.

Assimilation

The process by which individuals or groups adopt the culture, norms, and practices of another group, often losing aspects of their original identity.

Boarding Schools

Educational institutions where students live on campus during the school term, historically used in some contexts as tools for assimilating indigenous or minority children into dominant cultures.