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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