-The Table Above Shows the Exchange Rates Between Various Currencies

question 147

Multiple Choice

-The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Euro ________ against the U.S. dollar, the U.S. dollar ________ against the Japanese yen and the U.S. dollar ________ against the Canadian dollar

• A) depreciated; appreciated; appreciated
• B) depreciated; depreciated; appreciated
• C) appreciated; appreciated; appreciated
• D) appreciated; depreciated; depreciated

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Definitions:

Economical

Characterized by efficiency and avoidance of waste; making prudent use of resources.

Holding Cost Rate

The cost associated with keeping inventory in storage, including warehousing, insurance, depreciation, and opportunity costs, usually expressed as a percentage of inventory value per unit of time.

Economical

Pertaining to the efficient use or management of resources to achieve a goal without wasteful expenditures.

Inventory Held

Refers to the stock of goods or materials that a company keeps on hand to meet demand.