Suppose that the value of the euro fell from $1.32 on April 30, 2012, to $1.24 on July 5, 2012. This implies that during this period the euro _____ and the dollar _____.

Name: Suppose that the value of the euro fell from $1.32 on April 30, 2012, to $1.24 on July 5, 2012. This implies that during this period the euro _____ and the dollar _____.
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Question

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The euro depreciated because its value decreased (from $1.32 to $1.24), while the dollar appreciated because its value increased in comparison to the euro.

Suppose That the Value of the Euro Fell from $1