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A year ago, one dollar could have bought 0.89 euros. Today, one dollar can buy 0.85 euros. Based on this information, which of the following

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A year ago, one dollar could have bought 0.89 euros. Today, one dollar can buy 0.85 euros. Based on this information, which of the following statements is CORRECT. Select one: a. The dollar is selling at a forward discount against the euro. b. The dollar is selling at a forward premium against the euro. c. The dollar has appreciated against the euro. d. The euro has appreciated against the dollar

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