The Exchange Rate of Euro and Yen,in Two Consecutive Years,against

question 73

Multiple Choice

The exchange rate of Euro and Yen,in two consecutive years,against U.S.dollars is given below: $$\begin{array} { | l | l | l | } \hline \text { Year } & \begin{array} { l } 1 \text { dollar } \\\text { equaled: }\end{array} & \begin{array} { l } 1 \text { dollar } \\\text { equaled: }\end{array} \\\hline 2012 & 0.68 \text { Euro } & 81 \text { Yen } \\\hline 2013 & 0.77 \text { Euro } & 75 \text { Yen } \\\hline\end{array}$$ Which of the following is a valid conclusion that you can derive from this information?

• A) The U.S. dollar weakened against the Euro in 2011.
• B) The U.S. dollar was stronger against the Euro in 2010.
• C) The Euro has strengthened against the Yen in 2011.
• D) The U.S. dollar weakened in 2011 against the Yen.
• E) The U.S. dollar was weaker against the Yen in 2010.

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Initial Endowment

The starting set of assets, goods, or resources that an individual or economy possesses before engaging in any transactions.

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Auto Insurance

A contract between a vehicle owner and an insurance company, providing financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.