Multiple Choice
If the exchange rate changes from US$1 = €1.2 to US$1 = €1.4, then the U.S. dollar _____ and the euro _____.
A) appreciates; depreciates
B) depreciates; appreciates
C) depreciates; depreciates
D) appreciates; appreciates
Correct Answer:
Verified
Correct Answer:
Verified
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