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Exchange Rate: True or False? 1) If the exchange rate for the Euro went from $1.10/EUR to $1.15/EUR, the Euro strengthened. 2) If the exchange

Exchange Rate: True or False?

1) If the exchange rate for the Euro went from $1.10/EUR to $1.15/EUR, the Euro strengthened.

2) If the exchange rate for the Peso went from 11 pesos/$ to 12 peso/$, the Dollar strengthened.

3) If the exchange rate for the UKP went from $1.25/UKP to $1.30/UKP, the Dollar strengthened.

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