In February 2002,the euro/dollar exchange rate was 1.20,and in May 2002,the euro/dollar exchange rate was 1.10.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
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
Q14: In January 2001,the euro/dollar exchange rate was
Q15: An index of the weighted exchange value
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
Q20: Borrowing from abroad represents:
A)a capital outflow.
B)a capital
Q21: The difference between the interest income or
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