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A year ago, the exchange rare was $1.20 per euro. Today, it is $1.10 per euro. 1) Has the euro appreciated, depreciated, revalued, or devalued?

A year ago, the exchange rare was $1.20 per euro. Today, it is $1.10 per euro.

1) Has the euro appreciated, depreciated, revalued, or devalued? Explain.

2) How much is the percentage change of the euro against the dollar?

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