In January 2001,the euro/dollar exchange rate was 1.10,and in January 2002,the euro/dollar exchange rate was 1.120 What happened to the exchange rate during this period?
A) Euro appreciated against the dollar.
B) Euro depreciated against the dollar.
C) Dollar appreciated against the euro.
D) Both B and C.
Correct Answer:
Verified
Q9: A trade deficit means:
A)the country has positive
Q10: The current flows of goods,services,investment income,and unilateral
Q11: The difference between nominal and real exchange
Q12: A trade surplus means:
A)the country has positive
Q13: As a currency depreciates:
A)exports increase and imports
Q15: An index of the weighted exchange value
Q16: In February 2002,the euro/dollar exchange rate was
Q17: A record of all transactions between residents
Q18: Exports are:
A)positively related to income in the
Q19: When a country's import spending exceeds export
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