In the summer of 2002 the euro was valued at slightly less than US$1. By 2008, it had risen to an all-time high of $1.60, but in early 2016, the euro and the dollar were nearly equivalent. This change in value represents
A)interest destabilization.
B)inflation.
C)recession.
D)foreign currency fluctuations.
E)global financial impact.

Question

Quizplus · Accepted Answer

The change in value of the euro represents foreign currency fluctuations, as it fluctuated in relation to the US dollar.

In the Summer of 2002 the Euro Was Valued at Slightly