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If the Exchange Rate Changes from $1

Question 181

Multiple Choice

If the exchange rate changes from $1.45 = 1 euro to $1.37 = 1 euro,then


A) both the euro and dollar have appreciated.
B) both the euro and dollar have depreciated.
C) the euro has appreciated and the dollar has depreciated.
D) the euro has depreciated and the dollar has appreciated.

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