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If in Late 2003 One U

Question 64

Multiple Choice

If in late 2003 one U.S.dollar exchanged for 118 euros and in mid-2004 one U.S.dollar exchanged for 127 euros, then:


A) The euro appreciated relative to the dollar
B) The dollar appreciated relative to the euro
C) European goods became more expensive to Americans
D) American goods became more expensive to Americans

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