Multiple Choice
If the euro was exchanging for 1.09 U.S.dollars and now it is exchanging for 1.11 U.S.dollars,we can say that ________.
A) the U.S. dollar has depreciated against the euro
B) the U.S. dollar has appreciated against the euro
C) the euro has depreciated against the U.S. dollar
D) both answers B and C are correct
Correct Answer:
Verified
Correct Answer:
Verified
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