Question
A change from $1 = 3 to $1 = 2 represents a depreciation of the dollar. an appreciation of the dollar. an appreciation
A change from $1 = 3 € to $1 = 2 € represents
a depreciation of the dollar. | |
an appreciation of the dollar. | |
an appreciation of the €. | |
both (a) and (c). | |
none of the above. |
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
