Multiple Choice
Assume that in 2006, the dollar-euro exchange rate was 1 and in 2007 it was .75. If you have $100 million in assets in Germany in 2006, then in 2007 your assets in Germany are:
A) lower by 75 million euro.
B) higher by 75 million euro.
C) worth $133.33 million.
D) worth less than in 2006.
Correct Answer:
Verified
Correct Answer:
Verified
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