If the Spot Exchange Rate Goes from 0

question 19

Multiple Choice

If the spot exchange rate goes from 0.80 euro per dollar to 0.60 euro per dollar,the dollar has ___________ against the euro by _________ percent.

• A) appreciated; 25.0
• B) appreciated; 33.3
• C) depreciated; -25.0
• D) depreciated; -33.3

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Definitions:

African Rituals

Traditional practices and ceremonies performed in various African cultures, often related to rites of passage, religious beliefs, and community bonding.

Marxism

A socio-political and economic theory that seeks to understand and address the struggles between classes, developed by Karl Marx.

Bayard Rustin

An American leader in social movements for civil rights, socialism, nonviolence, and gay rights, pivotal in organizing the 1963 March on Washington.

Militant Action

The use of confrontational or aggressive tactics in support of a political or social cause.