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9. Five years ago the euro was exchanged for $1.45. If today the euro can be exchanged for $1.25, 1) has euro appreciated or depreciated

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9. Five years ago the euro was exchanged for $1.45. If today the euro can be exchanged for $1.25, 1) has euro appreciated or depreciated versus the US dollar? 2) What is the percentage change in euro's value versus the US dollar over time

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