If the U.S. dollar falls from 1.25 euros to 1.00 euro, then the U.S. dollar has ________ and the euro has ________.
A) depreciated; appreciated
B) shrunk; grown
C) appreciated; depreciated
D) depreciated; depreciated
E) appreciated; appreciated
Correct Answer:
Verified
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Q23: A country reports exports minus imports of
Q24: When a currency depreciates, its value has
A)
Q25: When a currency decreases in value relative
Q26: The government sector balance equals
A) net taxes
Q28: The current account balance equals
A) net exports
Q29: The private sector balance is equal to
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Q32: If the exchange rate changes from 0.70
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