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If the dollar interest rate is 10 percent and the euro interest rate is 6 percent, then
Dollar
A currency unit used by the United States and other countries, represented by the symbol $, and used as a standard monetary unit in international transactions.
Exchange Rate
The price of one currency in terms of another currency, which determines how much foreign currency one can buy with a unit of domestic currency.
Euros
The formal monetary system adopted by 19 out of the 27 countries within the European Union, commonly referred to as the eurozone.
Appreciated
Refers to an increase in the value of an asset over time.
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