Multiple Choice
In January 2001,the euro/dollar exchange rate was 1.10,and in January 2002,the euro/dollar exchange rate was 1.120 What happened to the exchange rate during this period?
A) Euro appreciated against the dollar.
B) Euro depreciated against the dollar.
C) Dollar appreciated against the euro.
D) Both B and C.
Correct Answer:
Verified
Correct Answer:
Verified
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