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Suppose that on Jan 1 , 2 0 2 2 one EUR is worth USD 1 . 2 5 and that on Jan 3 0

Suppose that on Jan 1,2022 one EUR is worth USD 1.25 and that on Jan 30,2022, one EUR is worth USD 1.12. Suppose further that over the period Jan 3020,2022 to Feb 7th,2022 the EUR depreciated by 5% against the USD.
Question 1: What was the USD/EUR exchange rate on Feb 7th,2022?
A = EUR 1 is worth USD 0.73
B = EUR 1 is worth USD 0.94
C = EUR 1 is worth USD 1.06
D = EUR 1 is worth USD 1.33
Question 2: By what percentage did the value of USD in EUR change from Jan 1,2022 to Feb 7th,2022?
A =-14.88%
B =-6.1%
C =17.5%

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