Yesterday, the dollar was trading in the foreign exchange market at 1.10 euros per dollar. Today, the dollar is trading at 1.20 euros per dollar. The dollar has --------------------and a possible reason for the change is-------------------- in the expected future exchange rate.
A) depreciated; a decrease
B) appreciated; a decrease
C) appreciated; because there has been no change
D) appreciated; an increase
E) depreciated; an increase
Correct Answer:
Verified
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The government's holdings of foreign currency is
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