The USdollar Suddenly Changes in Value Against the Euro Moving from from an Exchange

question 34

Multiple Choice

The U.S.dollar suddenly changes in value against the euro moving from an exchange rate of $0.8909/euro to $0.08709/euro.Thus,the dollar has ________ by ________.

• A)appreciated; 2.30%
• B)depreciated; 2.30%
• C)appreciated; 2.24%
• D)depreciated; 2.24%

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Definitions:

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