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If in Late 2016 100 U

Question 25

Multiple Choice

If in late 2016 100 U.S. dollars exchanged for 118 euros and in mid-2017 100 U.S. dollars exchanged for 127 euros, then:


A) the euro appreciated relative to the dollar.
B) the dollar appreciated relative to the euro.
C) European goods became more expensive to Americans.
D) American goods became more expensive to Americans.

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