Multiple Choice
The U.S. dollar suddenly changes in value against the euro moving from an exchange rate of 0.8909/€ to $0.8709/€. Thus, the dollar has ________ by ________.
A) appreciated; 2.30%
B) depreciated; 2.30%
C) appreciated; 2.24%
D) depreciated; 2.24%
Correct Answer:
Verified
Correct Answer:
Verified
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Q21: A spot transaction in the interbank market
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