Multiple Choice
Assume the foreign exchange rate for the euro was A$1.00 = .70 euro last month. This month, the exchange rate is A$1.00 = .72 euro. All things equal, the dollar value of European shares
A) would vary depending on the country.
B) decreased.
C) stayed the same.
D) increased.
Correct Answer:
Verified
Correct Answer:
Verified
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