Multiple Choice
Assume the foreign exchange rate for the euro was U.S. $1.00 = .70 euro last month. This month, the exchange rate is U.S. $1.00 = .72 euro. All things equal, the dollar value of European stocks
A) decreased.
B) increased.
C) stayed the same.
D) would vary depending on the country.
Correct Answer:
Verified
Correct Answer:
Verified
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