Question
The U.S. dollar suddenly changes in value against the euro moving from an exchange rate of $0.8909/ to$.08709/. Thus, the dollar has ____________ by _______.
The U.S. dollar suddenly changes in value against the euro moving from an exchange rate of $0.8909/ to$.08709/. Thus, the dollar has ____________ by _______.
a. appreciated; 2.30%
b. depreciated; 2.30%
c. appreciated; 2.24%
d. depreciated; 2.24%
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International Economics
Authors: Thomas Pugel
16th Edition
0078021774, 9780078021770
