On December 23,2006,one U.S.dollar was worth 0.76 euros (exchange rate 1:0.76).On December 23,2009,the U.S.dollar was worth 0.70 euros (exchange rate 1:0.70).In the United States,exporters who send their goods to the European Union were probably ____ on December 23,2009 because the U.S.currency had ____.

Question

Quizplus · Accepted Answer

The U.S. dollar depreciated from 0.76 euros to 0.70 euros, making U.S. goods cheaper in the European Union, which is beneficial for U.S. exporters.