Suppose That the Value of the Euro Fell from $1

question 356

Multiple Choice

Suppose that the value of the euro fell from $1.32 on April 30, 2012, to $1.24 on July 5, 2012. This implies that during this period the euro _____ and the dollar _____.

• A) depreciated; appreciated
• B) appreciated; depreciated
• C) depreciated; fluctuated
• D) appreciated; did not change

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Definitions:

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