Yesterday, the Dollar Was Trading in the Foreign Exchange Market

question 232

Multiple Choice

Yesterday, the dollar was trading in the foreign exchange market at 1.10 euros per dollar.Today, the dollar is trading at 1.05 euros per dollar.The dollar has ________ and a possible reason for the change is ________ in the U.S.interest rate.

• A) appreciated; an increase
• B) appreciated; a decrease
• C) depreciated; an increase
• D) depreciated; a decrease
• E) depreciated; because there has been no change

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Definitions:

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Chance

The occurrence of events without any predictable pattern or cause, often expressed in terms of probability.

Hit

In computing and data retrieval, a hit refers to a request for data or transaction that matches specific criteria.

Probability

A measure of the likelihood of a particular event occurring, ranging from 0 (impossible) to 1 (certain).