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Suppose a European Union report indicates that the scope of banking and financial crisis in the EU is not as bad as previously thought, and
Suppose a European Union report indicates that the scope of banking and financial crisis in the EU is not as bad as previously thought, and the Eurozone is expected to recover faster than previously expected. Everything else held constant, the immediate effect of the release of this report would be to cause the demand for U.S. dollar-denominated assets to_____ and the euro to______against the dollar. a. decrease; depreciate b. decrease; appreciate c. increase; appreciate d. increase; depreciate
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