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1) True or False? If the exchange rate is equal to $/ = 2, then two dollars are required to purchase one Euro. 2) True

1) True or False? If the exchange rate is equal to $/ = 2, then two dollars are required to purchase one Euro.

2) True or False? The foreign exchange market for any currency is composed of all the locations where the currency is bought and sold for other currencies

3) True or False? A currency is said to have depreciated against the dollar if the dollar price of the currency has increased.

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