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The U.S. dollar suddenly changes in value against the euro moving from an exchange rate of 0.8930/ to $0.8650/. Thus, the dollar has ________ by

The U.S. dollar suddenly changes in value against the euro moving from an exchange rate of 0.8930/ to $0.8650/. Thus, the dollar has ________ by ________.

appreciated; 3.24%

appreciated; 2.24%

depreciated; 2.30%

depreciated; 3.24%

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