Multiple Choice
Assume, the exchange rate between the US dollar and the Euro right now is $1/€1. Which of the following is correct about the US dollar with respect to Euro if the next year the exchange rate becomes $1.1/€1.
A) US dollar appreciated
B) US dollar depreciated
C) US dollar neither appreciated, nor depreciated
D) US dollar both appreciated and depreciated
Correct Answer:
Verified
Correct Answer:
Verified
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