Assume quotes are based on units of foreign currency per dollar and the U.S. dollar appreciated against the euro today. This means that:
A) it now takes more euros to buy one dollar.
B) the exchange rate between the dollar and euro weakened.
C) the U.S. inflation rate exceeds the inflation rate in Euroland.
D) it now takes more dollars to buy one euro.
E) the U.S. interest rate is less than the interest rate in Euroland.
Correct Answer:
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