If the Exchange Rate Changes from 75 Cents Per Euro

question 37

Multiple Choice

If the exchange rate changes from 75 cents per euro to $1 per euro,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 more expensive in European nations.
• D)depreciated,since its value has declined.
• E)depreciated,since its value has increased.

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Definitions:

Social Scientist

A researcher or expert in the study of human society and social relationships, often focusing on cultural, economic, or political aspects.

Explanation

States and justifies reasoning in terms of the evidential, conceptual, methodological, criteriological, and contextual considerations upon which one’s results were based; also presents one’s reasoning in the form of cogent arguments.

Inference

The act of reaching a conclusion based on evidence and reasoning rather than explicit statements.

Cultivate

To develop or improve by education or training; to foster growth or development.