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Assume the Foreign Exchange Rate for the Euro Was U

Question 39

Multiple Choice

Assume the foreign exchange rate for the euro was U.S. $1.00 = .91 euro last month. This month, the exchange rate is U.S. $1.00 = .88 euro. All things equal, the dollar value of European stocks


A) decreased.
B) increased.
C) stayed the same.
D) would vary depending on the country.

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