Suppose a U

question 362

Multiple Choice

Suppose a U.S. dollar initially trades for €1.20. After a few months, the U.S. dollar trades for €1.40. This means:

• A)the dollar has depreciated.
• B)the dollar has appreciated.
• C)it now costs more U.S. dollars to buy euro-denominated goods.
• D)one can expect to see less euro goods bought by U.S. citizens.

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