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The U.S. dollar suddenly changes un value against the euro moving from an exchange rate of $0.8909/euro to $0.8709/euro. Thus, the dollar has ____ by
The U.S. dollar suddenly changes un value against the euro moving from an exchange rate of $0.8909/euro to $0.8709/euro. Thus, the dollar has ____ by ____.
A) appreciated; 2.30%
B) appreciated; 2.24%
I have one souce giving me A) and another giving me B).
Which one is the correct answer?
Why is it calculated that way and not the other way around?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
