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    Exam 4: Exchange Rate Determination
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    ​The Value of the Euro Was $1
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​The Value of the Euro Was $1

Question 36

Question 36

Multiple Choice

​The value of the euro was $1.30 last week. During last week the euro depreciated by 5 percent. What is the value of the euro today?


A) ​$1.365
B) ​$1.235
C) ​$1.330
D) ​$1.30

Correct Answer:

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