Question 25 (4 points)

Check all of the following that are true about currency terminology

Question 25 options:

	When the monetary authority of a country decides to lower the value of its currency relative to other currencies we say that the country depreciates the value of its currency.
	When a country decides to raise the value of its currency relative to other currencies we say that the country revalues its currency.
	When the free market value of a currency increases relative to the value of other currencies we say that the currency appreciates.
	When a country fixes the value of its currency to the U.S. dollar it is called dollarization.

Question 26 (2 points)

The cost of a Pratt Whiney jet engine is about $5,000,000. What is the euro cost of the jet engine to Air France if the dollar-euro exchange rate is $/ (USD/EUR) 1.36?

Question 26 options: